secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-11-17T23:59:59+00:00
Accession:  0001193125-23-279272
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource final remarketing of Series C Mandatory Convertible Preferred Stock unsuccessful; holders to deliver shares
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- Final remarketing of Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000/share) was unsuccessful.
- As of Dec 1, 2023, holders automatically deliver Mandatory Convertible Preferred Stock to NiSource to satisfy purchase contract obligations for common stock.
- The Mandatory Convertible Preferred Stock was originally issued April 19, 2021 as part of NiSource's 2021 Equity Units offering.
- Goldman Sachs, J.P. Morgan, and Wells Fargo acted as remarketing agents; BofA Securities, PNC Capital, and Scotiabank as co-remarketing agents.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523279272/0001193125-23-279272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523279272/d449824d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279272

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