Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
NISOURCE INC. amended revolving credit of $2.5 billion (increased by $650 million from $1.85 billion) with NiSource Inc. (Borrower), Barclays Bank PLC (Administrative Agent), JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Wells Fargo Bank, National Association (Co-Syndication Agents), Bank of America, National Association, Bank of Montreal, Mizuho Bank, Ltd. (Co-Documentation Agents), and Barclays Bank PLC, at Not disclosed (eliminated ESG-based rate adjustments) maturing December 11, 2030 (extended from February 18, 2027).
- Instrument
- revolving credit
- Principal
- $2.5 billion (increased by $650 million from $1.85 billion)
- Counterparty
- NiSource Inc. (Borrower), Barclays Bank PLC (Administrative Agent), JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Wells Fargo Bank, National Association (Co-Syndication Agents), Bank of America, National Association, Bank of Montreal, Mizuho Bank, Ltd. (Co-Documentation Agents), and Barclays Bank PLC,
- Rate
- Not disclosed (eliminated ESG-based rate adjustments)
- Maturity
- December 11, 2030 (extended from February 18, 2027)
- Event
- amendment
Exact text from the filing
The Agreement amended certain provisions of the Existing Credit Agreement to, among other things, (i) increase the facility by $650 million to $2.5 billion, (ii) extend the termination date from February 18, 2027 to December 11, 2030, (iii) increase the amount of the facility available for the issuance of standby letters of credit by $25 million to $175 million, (iv) increase certain dollar and materiality thresholds relating to permitted liens, cross-defaults and the definition of Material Subsidiary (as defined in the Agreement) and (v) eliminate certain provisions providing for the establishment of specified key performance indicators with respect to certain environmental, social and governance targets of NiSource and its subsidiaries that could have resulted in certain adjustments to the otherwise applied Applicable Rate (as defined in the Agreement).
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