NiSource issues $500M of junior subordinated notes at 6.950% due 2054

NISOURCE INC.

$500M aggregate principal amount of 6.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.
Interest at 6.950% through Nov 30, 2029, then resets at Five-year UST plus 2.451%.
Maturity Nov 30, 2054; redeemable at Company's option or upon certain events.
Net proceeds for general corporate purposes: capex, working capital, debt repayment.
Offering closed May 16, 2024; underwriters include BofA, Goldman Sachs, J.P. Morgan, Morgan Stanley, Wells Fargo.

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