secwatch.observer — SEC 8-K summary
======================================

Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001193125-22-309195
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource borrows $1B under new term loan due Dec 2023
-----------------------------------------------------

- $1 billion term loan entered Dec 20, 2022; matures Dec 19, 2023.
- Interest options: ABR, Term SOFR+0.10%+0.95%, or Daily Simple SOFR+0.10%+0.95%.
- Financial covenant: max debt-to-capitalization ratio of 70%, consistent with existing revolver.
- Lenders include JPMorgan, PNC, Bank of America, and Wells Fargo as joint lead arrangers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312522309195/0001193125-22-309195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312522309195/d419538d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-309195

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer