NiSource launches $900M at-the-market equity issuance program through Dec 2025

NISOURCE INC.

Aggregate gross sales price of up to $900 million of common stock through December 31, 2025.
Sales may be made via ATM methods including ordinary brokers' transactions on NYSE or forward sale agreements.
Eight equity distribution agreements executed with agents including Barclays, BofA, Goldman Sachs, J.P. Morgan, Morgan Stanley.
Proceeds intended for general corporate purposes, capital expenditures, working capital, and debt repayment.
Commissions to agents up to 2% of sales price for issued shares; forward sellers receive reduced forward price.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NISOURCE INC. entered into Equity Distribution Agreements with Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC valued at up to an aggregate gross sales price of $900,000,000 (effective 2024-02-22).

Action: entry
Agreement: atm program
Counterparty: Barclays Capital Inc., BMO Capital Markets Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Wells Fargo Securities, LLC
Value: up to an aggregate gross sales price of $900,000,000
Effective: 2024-02-22

Exact text from the filing

In accordance with the terms of the Equity Distribution Agreements, the Company may offer and sell up to an aggregate gross sales price of $900,000,000 of its Common Stock

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NISOURCE INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-042105

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