secwatch.observer — SEC 8-K summary
======================================

Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2024-09-09T23:59:59+00:00
Accession:  0001193125-24-215887
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312524215887/0001193125-24-215887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312524215887/d849655d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-215887

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer