NJR increases revolving credit facility to $650M and extends maturity to 2027

NEW JERSEY RESOURCES CORP

NJR revolver increased from $500M to $650M; swing loan commitment increased from $60M to $70M.
Maturity extended to September 2, 2027 under NJR's option.
Interest rate changes: Adjusted Term SOFR plus 0.875%-1.75% margin or base rate plus 0.00%-0.75% margin, based on NJNG credit rating.
NJNG credit agreement maturity also extended to September 2, 2027 with SOFR plus 0.75%-1.50% margin.
All other material terms of both credit agreements remain unchanged.

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