secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001193125-25-272329
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource issues $1B in 5.750% junior subordinated notes due 2056
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- Aggregate principal $1B; notes bear 5.750% fixed through July 15, 2031, then reset at 5-yr Treasury + 2.035% with 5.750% floor.
- Interest payable semi-annually; notes mature July 15, 2056; optional redemption by company during specified periods or upon rating/tax events.
- Proceeds for general corporate purposes, including capex, working capital, and repayment of existing indebtedness.
- Company may defer interest for up to 20 consecutive semiannual periods if no event of default, with restrictions on dividends and stock repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312525272329/0001193125-25-272329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312525272329/d31184d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-272329

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