secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2026-08-18T20:30:09+00:00
Accession:  0001193125-26-355564
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312526355564/0001193125-26-355564-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312526355564/d108198d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-355564

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