Financing ·
New Jersey Resources Corporation's wholly-owned subsidiary, New Jersey Natural Gas Company (NJNG), entered into a Note…
NJRNew Jersey Resources Corp
New Jersey Resources Corporation's wholly-owned subsidiary, New Jersey Natural Gas Company (NJNG), entered into a Note Purchase Agreement to issue $150 million in aggregate principal amount of senior notes secured by NJNG’s First Mortgage Bonds. The issuance consists of three series: $50 million of 5.43% Senior Notes due August 20, 2036 (Series A) and $50 million of 6.04% Senior Notes due August 20, 2056 (Series B), both closing on August 20, 2026; and $50 million of 5.43% Senior Notes due October 22, 2036 (Series C), expected to close on that date. Proceeds will fund general corporate purposes, including refinancing short-term debt and capital expenditures. NJR is not directly obligated for the notes. New Jersey Resources Corporation operates as a diversified energy company providing natural gas distribution and other utility services.