secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-12-18T23:59:59+00:00
Accession:  0001193125-23-297656
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource amends indenture, reduces NIPSCO ownership covenant from 100% to 70% to avoid default from Blackstone deal
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- Fourth Supplemental Indenture amends covenant requiring NiSource to own directly or indirectly 100% of NIPSCO to at least 70%.
- Amendment approved by holders of $27.5M (94.83%) of 7.99% notes due 2027 and $3M (100%) of 6.78% notes due 2027.
- Modification avoids a default triggered by NiSource's sale of 19.9% interest in NIPSCO to a Blackstone affiliate.
- The amendment is effective December 18, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523297656/0001193125-23-297656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523297656/d654717d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-297656

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