May 11, 2009 (FinancialWire) — Black Hills Corp. (NYSE: BKH) reported its energy marketing subsidiary Enserco Energy has closed a $240 million committed stand-alone credit facility to replace its previously uncommitted $300 million credit facility, which was due to expire May 8.

BNP Paribas, Fortis Capital Corp. and Societe Generale are co-lead arranger banks and The Bank of Tokyo Mitsubishi UFJ and U.S. Bank are participating banks.

According to Black Hills, all of the banks are participants to the expiring facility. The company expects to close an additional $60 million of funding later this month with new facility lenders, raising the total committed facility to $300 million.

Rapid City, South Dakota-based Black Hills Corp. is an energy company that serves 759,000 utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming.

The company’s non-regulated businesses generate wholesale electricity, produce natural gas, oil and coal, and market energy.

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