secwatch / observer
8-K filed October 28, 2022, 7:59 PM ET ticker NJR CIK 0000356309
debt confidence high sentiment neutral materiality 0.55

NEW JERSEY RESOURCES CORP (NJR): debt financing — NJR and NJNG issue $175M in senior notes at 5.47% and 6.14%

NEW JERSEY RESOURCES CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEW JERSEY RESOURCES CORP incurred senior notes of $125,000,000 at 5.47% maturing October 24, 2052.

Instrument
senior notes
Principal
$125,000,000
Rate
5.47%
Maturity
October 24, 2052
Event
incurrence
Exact text from the filing
On October 24, 2022, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”, and together with NJNG, the “Issuers”), and certain institutional investors in the private placement market (the “NJNG Purchasers”) entered into a Note Purchase Agreement (the “NJNG Note Purchase Agreement”), under which NJNG sold to the Purchasers $125,000,000 of NJNG’s 5.47% Senior Notes, Series 2022C, due October 24, 2052 (the “NJNG Series C Notes”).
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NEW JERSEY RESOURCES CORP incurred senior notes of $50,000,000 at 6.14% maturing December 15, 2032.

Instrument
senior notes
Principal
$50,000,000
Rate
6.14%
Maturity
December 15, 2032
Event
incurrence
Exact text from the filing
On October 24, 2022, NJR and certain institutional investors in the private placement market (the “NJR Purchasers”, and together with the NJNG Purchasers, the “Purchasers”) entered into a Note Purchase Agreement (the “NJR Note Purchase Agreement” and, together with the NJNG Note Purchase Agreement, the “Note Purchase Agreements”) providing for the sale to the NJR Purchasers of $50,000,000 of NJR’s 6.14% Senior Notes, Series 2022B, due December 15, 2032 (the “NJR Series B Notes” and together with the NJNG Series C Notes, the “Notes”), with the closing of the transaction to occur on December 15, 2022.
View on SEC.gov

Browse all debt financings →

NEW JERSEY RESOURCES CORP filing history →

Source: SEC EDGAR
accession 0001140361-22-038742
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.