New Jersey Resources unit NJ Natural Gas prices USD 150 million private placement senior notes
NJR•NJ Natural Gas prices $150 million senior notes
New Jersey Resources unit New Jersey Natural Gas entered a Note Purchase Agreement for $150 million of senior notes with institutional investors.
- Closings are set for Aug. 20, 2026 for Series 2026A and 2026B, each $50 million, with Series 2026C expected Oct. 22, 2026.
- The financing includes 5.43% Senior Notes due Aug. 20, 2036, 6.04% Senior Notes due Aug. 20, 2056, and 5.43% Senior Notes due Oct. 22, 2036.
- The notes are secured by an equal principal amount of NJNG First Mortgage Bonds; the parent has no direct or contingent obligation.
- Proceeds are earmarked for general corporate purposes, including refinancing short-term debt, retiring borrowings, and funding capital expenditures.
