---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-274635"
form_type: "8-K"
ticker: "NI"
cik: "0001111711"
company_name: "NISOURCE INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:04:58.815214+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NiSource enters $250M credit agreement with U.S. Bank National Association

## Summary
- Borrowed $250M on Nov 9, 2023; facility matures Nov 7, 2024 (1-year term).
- Interest at Base Rate +0.05% or Term SOFR +1.15% (including 0.10% SOFR adjustment).
- Covenant: maximum debt-to-capitalization ratio of 70%, consistent with existing revolver.
- U.S. Bank serves as Administrative Agent, Sole Lead Arranger and Bookrunner.

## SEC filing metadata
- accession: 0001193125-23-274635
- form_type: 8-K
- ticker: NI
- cik: 0001111711
- company_name: NISOURCE INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111711/000119312523274635/0001193125-23-274635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111711/000119312523274635/d295245d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-274635
- JSON: https://secwatch.observer/filing/0001193125-23-274635.json
- Plain text: https://secwatch.observer/filing/0001193125-23-274635.txt

## Key facts
- Debt Financings
  NISOURCE INC. incurred credit facility of $250 million with U.S. Bank National Association at Term SOFR plus 1.05% maturing November 7, 2024.
  - Instrument: credit facility
  - Principal: $250 million
  - Counterparty: U.S. Bank National Association
  - Rate: Term SOFR plus 1.05%
  - Maturity: November 7, 2024
  - Event: incurrence
  source text: On November 9, 2023, NiSource Inc. (the “Company”), as Borrower, entered into a Credit Agreement (the “Agreement”) with the lenders party thereto (the “Lenders”) and U.S. Bank National Association, as Administrative Agent, Sole Lead Arranger and Bookrunner. Under the Agreement, the Company borrowed $250 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312523274635/0001193125-23-274635-index.htm
- Material Agreements
  NISOURCE INC. entered into Credit Agreement with U.S. Bank National Association, as Administrative Agent, Sole Lead Arranger and Bookrunner, and the lenders party thereto valued at $250 million (effective 2023-11-09).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association, as Administrative Agent, Sole Lead Arranger and Bookrunner, and the lenders party thereto
  - Value: $250 million
  - Effective: 2023-11-09
  source text: On November 9, 2023, NiSource Inc. (the “Company”), as Borrower, entered into a Credit Agreement (the “Agreement”) with the lenders party thereto (the “Lenders”) and U.S. Bank National Association, as Administrative Agent, Sole Lead Arranger and Bookrunner. Under the Agreement, the Company borrowed $250 million, representing the aggregate commitments of the Lenders under the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1111711/000119312523274635/0001193125-23-274635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.