Business Context and Reporting Period
Company: Black Hills Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: March 18, 2016
Purpose: This filing is submitted solely to provide previously disclosed material agreements as exhibits. It does not report new operational events or financial results.
Key Financial Metrics
This filing does not contain revenue, profit, cash flow, margin, or liquidity data. The document references specific debt instruments in the exhibits but does not provide current balance sheet totals or cash flow statements.
- Senior Notes (2017): $325 million, 5.90% interest rate (Source Gas LLC).
- Senior Secured Notes (2019): $95 million, 3.98% interest rate (SourceGas Holdings LLC).
- Credit Facilities: References to amended term loan and credit agreements dated February 12, 2016, but specific principal amounts or utilization rates are not disclosed in this text.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing serves as a procedural update to attach legal agreements regarding debt financing that were previously disclosed.
Guidance, Outlook, and Risks
Management Commentary: None provided in this filing.
Guidance/Outlook: Not applicable.
Risks/Contingencies: The filing references amendments to credit agreements and indentures, implying ongoing debt management activities, but does not detail specific risks or contingencies associated with these instruments.
Investor Verification Checklist
- Verify the full terms and covenants of the Second Amended and Restated Term Loan Credit Agreement (Exhibit 10.3).
- Review the specific conditions of Amendment No. 3 to the Credit Agreement (Exhibit 10.4) and Amendment No. 2 (Exhibit 10.5) to understand changes to borrowing capacity or interest rates.
- Confirm the status of the $325 million Senior Notes due 2017 and $95 million Senior Secured Notes due 2019 in the company's most recent 10-K or 10-Q.
- Check for any subsequent filings regarding the utilization of the credit facilities amended on February 12, 2016.