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 $200,000,000 in aggregate principal amount with institutional investors in the private placement market at 5.16% per annum and 5.85% per annum maturing August 21, 2035 and August 21, 2055.
- Instrument
- senior notes
- Principal
- $200,000,000 in aggregate principal amount
- Counterparty
- institutional investors in the private placement market
- Rate
- 5.16% per annum and 5.85% per annum
- Maturity
- August 21, 2035 and August 21, 2055
- Event
- incurrence
Exact text from the filing
On August 21, 2025, New Jersey Natural Gas Company (“NJNG”), a wholly-owned subsidiary of New Jersey Resources Corporation (“NJR”), and certain institutional investors in the private placement market (the “Purchasers”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”), under which NJNG sold to the Purchasers $200,000,000 in aggregate principal amount of NJNG’s senior notes consisting of $100,000,000 in aggregate principal amount of its 5.16% Senior Notes, Series 2025A, due August 21, 2035 (the “Series A Notes”) and $100,000,000 in aggregate principal amount of its 5.85% Senior Notes, Series 2025B, due August 21, 2055 (the “Series B Notes” and together with the Series A Notes, the “Notes”).
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