Financing ·
NiSource Inc. closed a $750 million offering of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on…
NINisource Inc.
NiSource Inc. closed a $750 million offering of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on August 18, 2026. The debt bears interest semi-annually at 6.250% until April 15, 2032, after which the rate resets to the five-year U.S. Treasury rate plus a spread of 1.930%, with a floor of 6.250%. Proceeds are intended for general corporate purposes, including financing capital expenditures and repaying existing indebtedness. NiSource Inc. operates in the utility industry, providing natural gas distribution services.