secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0001193125-23-235677
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource to remarket up to 862,500 shares of Series C Mandatory Convertible Preferred Stock
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- Remarketing period scheduled Oct 2-23, 2023; Goldman Sachs is sole remarketing agent.
- Each share of Mandatory Convertible Preferred Stock will auto-convert into 34.9107-41.0201 shares of common on March 1, 2024.
- If closing price is ≤$24.3783 on pricing date, minimum conversion rate increases to $1,000 / 117.5% of that price.
- Dividends may become payable after remarketing; NiSource intends to pay in cash.
- NiSource will not receive any proceeds; proceeds will be used to satisfy equity unit purchase contracts or remitted to holders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523235677/0001193125-23-235677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523235677/d485248d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-235677

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