NJR issues $100M of 5.55% Senior Notes due 2034 for general corporate purposes

NEW JERSEY RESOURCES CORP

Issued $100M of 5.55% Senior Notes, Series 2024A, due Nov 7, 2034, in private placement.
Proceeds to be used for acquisitions, debt repayment, capex, and working capital.
Notes are unsecured, guaranteed by certain unregulated subsidiaries; covenants limit debt to 70% of total capitalization.
LDCC approved FY2025 Officer Annual Incentive Plan: CEO target 110% of base salary, other NEOs 40-60%.
Also awarded performance share units and RSUs under 2017 Stock Award and Incentive Plan.

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