secwatch.observer — SEC 8-K summary
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Issuer:     NEW JERSEY RESOURCES CORP (NJR)
CIK:        0000356309
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001140361-24-031853
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NJNG (NJR subsidiary) issues $200M senior notes in two tranches at 5.82% and 5.49%
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- NJNG issues $125M of 5.82% Senior Notes due 2054 and $75M of 5.49% Senior Notes due 2034 to institutional investors.
- Series A closed June 26, 2024; Series B expected to close Sept 30, 2024. Notes secured by First Mortgage Bonds.
- Proceeds to be used for general corporate purposes, including refinancing short-term debt and funding capex.
- Notes unregistered, sold in private placement; contain customary covenants and events of default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/356309/000114036124031853/0001140361-24-031853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/356309/000114036124031853/ef20031275_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-031853

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