secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-169531
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource sells 19.9% of NIPSCO to Blackstone for $2.15B; reaffirms guidance
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- Blackstone affiliate to acquire 19.9% non-controlling stake in NIPSCO for $2.150 billion; implies NIPSCO equity value of $10.8B.
- NiSource retains 80.1% controlling interest; expects closing by end of 2023, subject to FERC approval.
- Blackstone commits additional $250M equity to fund pro rata ongoing capital; proceeds to de-lever and fund renewable transition.
- NiSource reaffirms 2023 NOEPS guidance $1.54-$1.60, 6-8% growth through 2027, $15B capex plan 2023-2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523169531/0001193125-23-169531-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523169531/d448176d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-169531

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