Davis Polk advised the representatives and joint book-running managers of an SEC-registered offering by Black Hills Corporation of $400 million aggregate principal amount of its 3.050% notes due 2029 and $300 million aggregate principal amount of its 3.875% notes due 2049.

Black Hills is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.27 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

The Davis Polk capital markets team included partner Derek Dostal and associates Jacqueline Marino and Annie Li. Partner Lucy W. Farr and associates Tracy L. Matlock and Jonathan Saltz provided tax advice. Counsel David A. Zilberberg provided environmental advice. Counsel Gregory D. Hughes provided executive compensation advice. Members of the Davis Polk team are based in the New York and Northern California offices.