NiSource issues $500M of 6.375% junior subordinated notes due 2055

NISOURCE INC.

Aggregate principal $500M; notes priced at 6.375% until March 2035, then reset at 5-year Treasury plus 2.527%.
Notes mature March 31, 2055; interest payable semi-annually on March 31 and September 30 starting March 2025.
Company may defer interest for up to 20 consecutive semi-annual periods; no dividends or junior debt payments during deferral.
Net proceeds used for general corporate purposes, including capex, working capital, and debt repayment.

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