Form 8-K · Current report
NiSource 8-K, filed Aug 18, 2026
- Filed
- CIK
- 0001111711
- Accession no.
- 0001193125-26-355564
Summary
NiSource Inc. closed the sale of $750 million of 6.250% fixed-to-fixed reset rate junior subordinated notes due 2057, with Barclays, Goldman Sachs, J.P. Morgan, Morgan Stanley and Wells Fargo Securities as lead underwriters. NiSource said it intends to use the net proceeds for general corporate purposes, including capital expenditures, working capital and repaying existing debt.
Key points
- The notes pay 6.250% annually until the first reset date of April 15, 2032, then reset to the five-year U.S. Treasury rate plus 1.930%, never below 6.250%.
- The notes mature on April 15, 2057, and NiSource may redeem some or all of them during specified periods or upon certain ratings, tax or tax credit events.
- NiSource may defer interest for up to 20 consecutive semi-annual periods, during which it would be barred from paying dividends or repurchasing capital stock, among other restrictions.
- The notes were issued under a subordinated indenture with The Bank of New York Mellon as trustee, supplemented as of August 18, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01 Other Events. 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 On August 13, 2026, NiSource Inc. (the “Company”) and Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, as lead underwriters, entered into a Terms Agreement (the “Terms Agreement”) with respect to the offering and sale of $750,000,000 aggregate principal amount of the Company’s 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the “Notes”) under the Company’s Registration Statement on Form S-3 (File No. 333-291167) (the “Registration Statement”). The sale closed on August 18, 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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