NEW JERSEY RESOURCES CORP (NJR): debt financing — NJR issues $50M of 6.14% Senior Notes due 2032 for general corporate purposes

NEW JERSEY RESOURCES CORP

Issued $50M of 6.14% Senior Notes, Series 2022B, due December 15, 2032, to institutional investors.
Notes guaranteed by certain unregulated subsidiaries; unsecured obligation.
Proceeds to fund acquisitions, debt repayment, capex, and working capital.
Transaction closed December 15, 2022; Note Purchase Agreement dated October 24, 2022.

item 2.03

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 $50 million at 6.14% maturing December 15, 2032.

Instrument: senior notes
Principal: $50 million
Rate: 6.14%
Maturity: December 15, 2032
Event: incurrence

Exact text from the filing

On December 15, 2022, New Jersey Resources Corporation (the “Company” or “NJR”) issued and sold $50 million of the Company’s 6.14% Senior Notes, Series 2022B, due December 15, 2032 (the “Notes”) to certain institutional investors in the private placement market pursuant to a Note Purchase Agreement, dated October 24, 2022 (the “Note Purchase Agreement”).

View on SEC.gov

Browse all debt financings →

NEW JERSEY RESOURCES CORP filing history →

Source: SEC EDGAR

accession 0001140361-22-046093

view filing index on sec.gov

view primary document

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.