NISOURCE INC. (NI): debt financing — NiSource amends credit agreement; extends termination date to Mar 2024, relaxes NIPSCO ownership covenant to 70%

NISOURCE INC.

Extended credit agreement termination date from Dec 19, 2023 to Mar 15, 2024.
Reduced NIPSCO ownership threshold for Change of Control and merger covenants from 100% to 70%.
Updated reference date for asset sale covenant from Dec 31, 2020 to Dec 31, 2022.
Amendment unanimously approved by all lenders; no defaults were continuing.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NISOURCE INC. amended credit facility with JPMorgan Chase Bank, N.A., as Administrative Agent maturing March 15, 2024.

Instrument: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Maturity: March 15, 2024
Event: amendment

Exact text from the filing

change the definition of “Termination Date” from the earlier of December 19, 2023, and the date of termination of commitments or certain events of acceleration to the earlier of March 15, 2024, and the date of certain events of acceleration

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

NISOURCE INC. amended Amendment No. 1 to Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent (effective 2023-10-05).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent
Effective: 2023-10-05

Exact text from the filing

On October 5, 2023, NiSource Inc. (“NiSource”) entered into Amendment No. 1 to Credit Agreement (the “Amendment”), which amends that certain Credit Agreement (the “Existing Agreement”), dated as of December 20, 2022, among NiSource, as Borrower, the financial institutions from time to time party thereto (the “Lenders”) and JPMorgan Chase Bank, N.A., as Administrative Agent.

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NISOURCE INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-251531

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