NJR issues $50M senior notes due 2034 at 3.64%; increases director RSU retainer to $125k

NEW JERSEY RESOURCES CORP

Issued $50M of 3.64% Senior Notes, Series C, due Sept 19, 2034 to PGIM/Prudential affiliates.
Proceeds will be used for general corporate purposes including acquisitions, debt repayment, capex, and working capital.
Interest payable semi-annually March 19 and Sept 19 beginning March 19, 2023; prepayable at make-whole.
Effective Jan 2023, non-employee director annual RSU retainer increased from $115k to $125k.

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