NiSource sells $750 million of junior subordinated notes due 2057
Filed with the SEC on · Summarized by InvestorsBot
NiSource completed the sale of $750 million of 6.250% fixed-to-fixed reset rate junior subordinated notes on August 18, 2026. The notes pay 6.250% interest through April 15, 2032, then reset to the five-year U.S. Treasury rate plus 1.930%, subject to a 6.250% floor; proceeds will be used for general corporate purposes, including capital expenditures, working capital and repayment of existing debt.