Transactions
Oct. 2, 2001
Morgan Lewis
Black Hills Generation Inc., a subsidiary of Rapid City, S.D. Black Hills Corp., recently entered into a $140 million synthetic lease-funding arrangement.
New York's Merrill Lynch and Credit Lyonnais Securities Inc. arranged the deal, which operates as a lease for financial-reporting services and as a loan for tax purposes. The purpose of the deal is to preserve capital.
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