---
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"
generated_at: "2026-06-10T06:38:15.161584+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NJNG subsidiary issues $100M in senior notes: $50M 5.56% due 2033, $50M 5.85% due 2053

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-046322
- JSON: https://secwatch.observer/filing/0001140361-23-046322.json
- Plain text: https://secwatch.observer/filing/0001140361-23-046322.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $100,000,000 aggregate principal amount of its senior notes consisting of (i) $50,000,000 of NJNG’s 5.56% Senior Notes,
  - Counterparty: certain institutional investors in the private placement market
  - Rate: 5.56% per annum ... 5.85% per annum
  - Maturity: September 28, 2033 ... October 30, 2053
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/0001140361-23-046322-index.htm

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