debt
confidence high
sentiment neutral
materiality 0.60
NJNG issues $100M in senior notes via private placement
NEW JERSEY RESOURCES CORP
- $50M Series A at 4.37% due May 27, 2037; $50M Series B at 4.71% due May 27, 2052.
- Notes secured by First Mortgage Bonds; proceeds for general corporate purposes including refinancing short-term debt.
- Interest payable semi-annually starting Nov 28, 2022; prepayable at make-whole amount.
- NJR not obligated on the notes; covenants limit liens, asset sales, affiliate transactions.