other material
confidence high
sentiment negative
materiality 0.35
NiSource postpones remarketing of Series C Mandatory Convertible Preferred Stock due to market conditions
NISOURCE INC.
- Postpones remarketing of up to 862,500 shares (liquidation preference $1,000/share) originally issued April 19, 2021.
- Remarketing was scheduled for Oct 2-23, 2023; now moved to next period expected in November 2023.
- Goldman Sachs & Co. LLC remains the remarketing agent for the postponed remarketing.
- No material financial guidance or earnings impact disclosed in the filing.