NJR subsidiary NJNG issues $150M senior notes in 3 tranches via private placement

NEW JERSEY RESOURCES CORP

NJNG sold $150M senior notes: $50M 5.43% Series A due 2036, $50M 6.04% Series B due 2056, $50M 5.43% Series C due 2036.
Series A and B closed Aug 20, 2026; Series C expected to close Oct 22, 2026.
Notes secured by equal principal amount of NJNG First Mortgage Bonds; NJR not obligated on the notes.
Proceeds for general corporate purposes, including refinancing short-term debt and funding capex.
Notes unregistered, subject to transfer restrictions; customary covenants and events of default apply.

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