other material
confidence high
sentiment neutral
materiality 0.65
NiSource launches $1.5B at-the-market equity program through 2028, replaces prior $900M program
NISOURCE INC.
- Up to $1.5B aggregate gross sales price of common stock, expiring Dec 31, 2028.
- Replaces $900M ATM program from Feb 2024; includes ~$47.5M unsold from prior program.
- Proceeds for general corporate purposes: capex, working capital, debt repayment.
- Sales via agents and forward sale agreements with multiple banks as forward purchasers.