debt
confidence high
sentiment neutral
materiality 0.40
NJR issues $110M of 4.38% senior notes due 2027 in private placement
NEW JERSEY RESOURCES CORP
- $110M aggregate principal of 4.38% Senior Notes, Series 2022A, due June 23, 2027.
- Notes are unsecured, guaranteed by certain unregulated subsidiaries of NJR.
- Proceeds used for general corporate purposes, including refinancing of short-term debt.
- Interest payable semi-annually on Dec 23 and June 23, beginning Dec 23, 2022.
- Covenants include limitation on consolidated total debt to 70% of total capitalization.