debt
confidence high
sentiment neutral
materiality 0.50
NJ Natural Gas issues $75M of 5.49% Senior Notes due 2034
NEW JERSEY RESOURCES CORP
- NJNG issued $75M of 5.49% Senior Notes, Series 2024B, due September 30, 2034.
- Interest payable semi-annually starting March 30, 2025; proceeds for general corporate purposes.
- Notes secured by First Mortgage Bonds under the Sixteenth Supplemental Indenture.
- Sold in private placement to institutional investors; not registered under Securities Act.
- NJR is not obligated on the Notes; NJNG is the sole obligor.