NiSource starts final remarketing of 862,500 Series C convertible preferred shares; conversion on March 1, 2024

NISOURCE INC.

Final remarketing of 862,500 Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000/share) originally issued April 19, 2021 as part of equity units.
Automatic conversion into NiSource common stock on March 1, 2024 at a rate between 34.9528 and 41.0695 shares per preferred share, subject to anti-dilution adjustments.
If common stock closing price at remarketing pricing is ≤ $24.3490, minimum conversion rate increases to $1,000 divided by 117.5% of that closing price.
Remarketing agents: Goldman Sachs, J.P. Morgan, Wells Fargo; co-agents: BofA, PNC, Scotiabank. Proceeds used to satisfy purchase contract obligations and remit remaining to holders.
Dividends may become payable after successful remarketing; actual terms to be determined by NiSource and agents.

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