NJNG issues $200M senior notes in two tranches at 5.16% and 5.85% due 2035 and 2055

NEW JERSEY RESOURCES CORP

• NJNG sold $100M of 5.16% Senior Notes due 2035 and $100M of 5.85% Senior Notes due 2055.
• Proceeds for general corporate purposes, including refinancing short-term debt and capex.
• Notes secured by NJNG's First Mortgage Bonds; NJR not obligated on the notes.
• Interest payable semi-annually starting February 21, 2026.
• Note Purchase Agreement includes customary covenants limiting liens, asset dispositions, and mergers.