secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001140361-23-046322
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/0001140361-23-046322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036123046322/ef20011533_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-046322

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