{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-046322","form_type":"8-K","ticker":"NJR","cik":"0000356309","company_name":"NEW JERSEY RESOURCES CORP","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.665269+00:00","generated_at":"2026-06-10T06:38:15.161584+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"NJNG subsidiary issues $100M in senior notes: $50M 5.56% due 2033, $50M 5.85% due 2053","bullets":["NJNG issued $50M 5.56% Senior Notes due 2033 (Series A) closed Sep 28; $50M 5.85% Senior Notes due 2053 (Series B) closing Oct 30.","Notes are secured by NJNG's First Mortgage Bonds; parent NJR is not obligated on the notes.","Proceeds will be used for general corporate purposes, including refinancing short-term debt and funding capital expenditures.","Note Purchase Agreement includes customary covenants limiting liens, asset sales, affiliate transactions, and mergers.","Interest on Series A payable Mar 28 & Sep 28 starting Mar 28, 2024; Series B payable Apr 30 & Oct 30 starting Apr 30, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-046322","json":"https://secwatch.observer/filing/0001140361-23-046322.json","markdown":"https://secwatch.observer/filing/0001140361-23-046322.md","text":"https://secwatch.observer/filing/0001140361-23-046322.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/0001140361-23-046322-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/ef20011533_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:38:15.161584+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"26324588ec5990e63a0ff65b66d858d68dbfe9c3","claim":"NEW JERSEY RESOURCES CORP incurred senior notes of $100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes, with certain institutional investors in the private placement market at 5.56% per annum ... 5.85% per annum maturing September 28, 2033 ... October 30, 2053.","evidence_excerpt":"On September 28, 2023, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”), and certain institutional investors in the private placement market (the “Purchasers”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”), under which NJNG is to sell to the Purchasers $100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes, Series 2023A, due September 28, 2033 (the “Series A Notes”) and (ii) $50,000,000 of NJNG’s 5.85% Senior Notes, Series 2023B, due October 30, 2053 (the “Series B Notes” and, together with the Series A Notes, the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/0001140361-23-046322-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes,"},{"label":"Counterparty","value":"certain institutional investors in the private placement market"},{"label":"Rate","value":"5.56% per annum ... 5.85% per annum"},{"label":"Maturity","value":"September 28, 2033 ... October 30, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}