secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001140361-22-032379
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036122032379/0001140361-22-032379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036122032379/brhc10041561_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-032379

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