---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-038742"
form_type: "8-K"
ticker: "NJR"
cik: "0000356309"
company_name: "NEW JERSEY RESOURCES CORP"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:58:45.392934+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NJR and NJNG issue $175M in senior notes at 5.47% and 6.14%

## Summary
- NJNG sold $125M of 5.47% Senior Notes Series 2022C due October 2052.
- NJR sold $50M of 6.14% Senior Notes Series 2022B due December 2032.
- Proceeds from NJNG notes for general corporate, refinancing short-term debt, and capex.
- Proceeds from NJR notes for acquisitions, debt repayment, capex, and working capital.
- NJR Series B Notes are unsecured; NJNG Series C Notes secured by first mortgage bonds.

## SEC filing metadata
- accession: 0001140361-22-038742
- form_type: 8-K
- ticker: NJR
- cik: 0000356309
- company_name: NEW JERSEY RESOURCES CORP
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356309/000114036122038742/0001140361-22-038742-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356309/000114036122038742/brhc10043123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-038742
- JSON: https://secwatch.observer/filing/0001140361-22-038742.json
- Plain text: https://secwatch.observer/filing/0001140361-22-038742.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036122038742/0001140361-22-038742-index.htm
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356309/000114036122038742/0001140361-22-038742-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.