other material
confidence high
sentiment neutral
materiality 0.40
NiSource postpones final remarketing of Series C Mandatory Convertible Preferred Stock
NISOURCE INC.
- Postponed final remarketing of 862,500 shares of Series C Mandatory Convertible Preferred Stock, $1,000/share liquidation preference.
- Originally issued April 19, 2021 as part of equity units; remarketing commenced Nov 14, 2023 then postponed at NiSource's option.
- May recommence remarketing any day from Nov 15-17, 2023; further press release if recommenced.
- Remarketing agents: Goldman Sachs, J.P. Morgan, Wells Fargo; co-agents: BofA Securities, PNC Capital Markets, Scotiabank.