secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2022-09-20T23:59:59+00:00
Accession:  0001140361-22-033984
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036122033984/0001140361-22-033984-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036122033984/brhc10041951_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-033984

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer