NEW JERSEY RESOURCES CORP (NJR): debt financing — NJ Natural Gas issues $50M 5.85% Senior Notes due 2053; Peter Harvey elected to board

NEW JERSEY RESOURCES CORP

NJNG issued $50M principal amount of 5.85% Senior Notes due October 30, 2053.
Notes secured by First Mortgage Bonds; proceeds for general corporate purposes including refinancing and capex.
Peter C. Harvey, former NJ Attorney General, elected to NJR board effective Oct 30, 2023.
Board size increased from 10 to 11; Harvey to stand for election at Jan 2024 annual meeting.

item 1.01 item 2.03 item 5.02 item 9.01

Executive movements

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Appointed

Peter C. Harvey

director

NJR · NEW JERSEY RESOURCES CORP

Effective: 2023-10-30
Filed: October 31, 2023, 7:59 PM ET

unanimously elected Peter C. Harvey as a director, effective as of the Election Date.

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 $50,000,000 with certain institutional investors at 5.85% maturing October 30, 2053.

Instrument: senior notes
Principal: $50,000,000
Counterparty: certain institutional investors
Rate: 5.85%
Maturity: October 30, 2053
Event: incurrence

Exact text from the filing

On October 30, 2023, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”) issued and sold $50,000,000 of NJNG’s 5.85% Senior Notes, Series 2023B, due October 30, 2053 (the “Notes”) to certain institutional investors

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter C. Harvey was elected as director at NEW JERSEY RESOURCES CORP.

Action: elected
Role: director

Exact text from the filing

unanimously elected Peter C. Harvey as a director, effective as of the Election Date.

View on SEC.gov

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NEW JERSEY RESOURCES CORP filing history →

Source: SEC EDGAR

accession 0001140361-23-050385

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