Financing ·
Subsidiary NJNG prices $50M of 5.43% senior notes due October 2036
NJRNew Jersey Resources Corp
New Jersey Natural Gas Company, a wholly-owned subsidiary of New Jersey Resources Corporation, issued and sold $50,000,000 of its 5.43% Senior Notes, Series 2026C, due October 22, 2036, in a private placement to institutional investors on October 22, 2026. The notes are secured by an equal principal amount of NJNG’s First Mortgage Bonds and will be used for general corporate purposes, including refinancing short-term debt and funding capital expenditures. Interest accrues at 5.43% per annum, payable semi-annually on April 22 and October 22, beginning in April 2027. New Jersey Resources Corporation is not directly obligated with respect to the notes. The company operates as a diversified energy services holding company.