NiSource prices USD 750 million junior subordinated notes due 2057
NI•NiSource prices junior subordinated notes due 2057
- NiSource priced USD 750 million of 6.250% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.
- Sale closed Aug. 18, 2026.
- Coupon fixed at 6.250% until April 15, 2032, then resets to the five-year U.S. Treasury rate + 1.93% with a 6.250% floor.
- Proceeds are earmarked for general corporate purposes, including capital spending, working capital, and debt repayment.
