secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001193125-24-140575
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312524140575/0001193125-24-140575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312524140575/d842332d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-140575

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