Form 8-K · Current Report · Filed 2026-08-18
NiSource Inc. Issues $750 Million in Junior Subordinated Notes
On August 18, 2026, NiSource Inc. completed the sale of $750,000,000 aggregate principal amount of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The notes will bear interest at a fixed rate until April 15, 2032, after which the interest rate will be reset based on the Five-year U.S. Treasury Rate plus a spread of 1.930%. The company intends to use the net proceeds for general corporate purposes, including capital expenditures, working capital, and debt repayment. The notes were issued under a Subordinated Indenture and are subject to certain conditions, including restrictions on dividend payments and other distributions during interest deferral periods.
- Filer
- NiSource Inc. NI · NYSE
- Filed
- Accession
- 0001193125-26-355564
- CIK
- 0001111711
- Signal
- Medium impactUtilities
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$42.37
Next session
-1.7%
Since filing
-1.7%
Latest close
$41.63
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from NI reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, NI insiders reported 2 Form 4 transactions — net selling of $1.6M.
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.
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