NiSource issues $750M 6.250% junior subordinated notes due 2057

NISOURCE INC.

Closed $750M offering of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on Aug 18, 2026.
Notes pay 6.250% until Apr 15, 2032, then reset to 5-yr UST + 1.930% spread, with 6.250% floor.
Maturity Apr 15, 2057; interest payable semi-annually Apr 15 and Oct 15, starting Apr 15, 2027.
Proceeds for general corporate purposes, including capex, working capital, and repaying existing debt.
Company may defer interest up to 20 consecutive periods; restrictions on dividends and share repurchases during deferral.

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