---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-140575"
form_type: "8-K"
ticker: "NI"
cik: "0001111711"
company_name: "NISOURCE INC."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T19:07:12.330575+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-24-140575
- form_type: 8-K
- ticker: NI
- cik: 0001111711
- company_name: NISOURCE INC.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111711/000119312524140575/0001193125-24-140575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111711/000119312524140575/d842332d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-140575
- JSON: https://secwatch.observer/filing/0001193125-24-140575.json
- Plain text: https://secwatch.observer/filing/0001193125-24-140575.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.