NiSource Inc.
NiSource Inc. Announces Sale of $650 Million Senior Notes
Summary
On March 11, 2024, NiSource Inc. announced the sale of $650 million aggregate principal amount of 5.350% Senior Notes due 2034. The sale closed on March 14, 2024, and the net proceeds will be used for general corporate purposes. The Notes were issued under the Company's Registration Statement on Form S-3. NiSource also filed the form of the Notes and an opinion from McGuireWoods LLP as exhibits to this 8-K filing.
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Exhibits (2)
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About NiSource Inc.
NiSource Inc. is a prominent energy holding company primarily focused on the distribution and transmission of natural gas and electricity. The company operates through regulated utility subsidiaries, offering essential energy services to millions of customers across seven U.S. states, including Indiana, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, and Virginia. NiSource engages in two major business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution segment is responsible for the safe delivery of natural gas to residential, commercial, and industrial customers, playing a critical role in heating and powering homes and businesses. The Electric Operations segment involves the generation, transmission, and distribution of electricity, supporting vital infrastructure and fostering regional economic development. NiSource's strategic initiatives emphasize enhancing customer service, ensuring safety, and advancing environmental sustainability. As a key player in the utility industry, NiSource contributes significantly to the energy market, impacting sectors related to energy production, infrastructure, and environmental initiatives. The company's regulated business model aims to provide stable returns while pursuing growth opportunities in expanding its service offerings and improving energy efficiency.
Official SEC Documents
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