NiSource amends credit agreement to reduce NIPSCO ownership covenant from 100% to 70%

NISOURCE INC.

Change-of-control trigger lowered: NiSource must own at least 70% of NIPSCO stock (previously 100%).
Merger/asset-transfer covenants relaxed; surviving entity may be 70% owned by NiSource instead of wholly owned.
Asset-sale reference date updated from December 31, 2020 to December 31, 2022.
Amendment executed August 23, 2023 with Required Lenders; no new debt issued or drawn.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NISOURCE INC. amended Amendment No. 1 with Barclays Bank PLC, as Administrative Agent (effective 2023-08-23).

Action: amendment
Agreement: credit facility
Counterparty: Barclays Bank PLC, as Administrative Agent
Effective: 2023-08-23

Exact text from the filing

On August 23, 2023, NiSource Inc. (“NiSource”) entered into Amendment No. 1 (the “Amendment”) to that certain Sixth Amended and Restated Revolving Credit Agreement (the “Existing Agreement”), dated as of February 18, 2022, among NiSource, as Borrower, the financial institutions from time to time party thereto (the “Lenders”) and Barclays Bank PLC, as Administrative Agent.

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NISOURCE INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-219090

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