debt
confidence high
sentiment neutral
materiality 0.35
NJR reduces credit facility to $575M, extends maturity to 2029; NJNG extends to 2029
NEW JERSEY RESOURCES CORP
- NJR's revolving credit facility reduced from $650M to $575M.
- Maturity extended to August 7, 2029; NJR can request up to two additional one-year extensions.
- NJNG's credit facility maturity also extended to August 7, 2029, with same extension options.
- Certain departing lenders' commitments terminated and loans repaid upon amendment effective date.