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Bracewell Represents Alinda Capital Partners in $1.89 Billion Sale of SourceGas Holdings LLC

July 13, 2015

HOUSTON Bracewell & Giuliani LLP is representing Alinda Capital Partners and its co-seller in a definitive agreement to sell SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion.

SourceGas operates four regulated natural gas utilities serving approximately 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming and a 512-mile regulated intrastate natural gas transmission pipeline in Colorado.

The agreement is for total consideration of $1.89 billion, including reimbursement of capital expenditures through closing, estimated to be $200 million, and the assumption of $720 million of debt projected at closing.

The transaction is expected to close in the first half of 2016.

Bracewell attorneys working on the transaction include:

Partners: Roxanne T. Almaraz, Elizabeth L. McGinley, G. Alan Rafte and Daniel E. Hemli

Senior Counsel: Vivian Y. Ouyang

Counsel: Jacqueline R. Java

Associates: Aaron N. Carpenter, Kate Champion, Christopher J. Miller and Rebekah T. Scherr