secwatch.observer — SEC 8-K summary
======================================

Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001193125-23-277173
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523277173/0001193125-23-277173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523277173/d298816d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer