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:  0001193125-23-279290
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource announces unsuccessful remarketing of Series C Preferred Stock, plans up to $600M equity in 2024
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- Unsuccessful final remarketing of Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000 per share) originally issued April 2021.
- Will issue up to $600M of equity in 2024 via ATM program; no equity issuances in 2023.
- Equity issuances of $200-300M annually expected from 2025-2028 to support base capital plan.
- Reaffirms 2023 non-GAAP NOEPS upper half of $1.54-1.60 range; 2024 NOEPS expected $1.68-1.72.
- Continues to expect 14-16% Funds From Operations/debt annually for 2023-2028 period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523279290/0001193125-23-279290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523279290/d559728d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-279290

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