NISOURCE INC. (NI) Form 424B5 — Aug 13, 2026
NiSource Inc. filed a preliminary prospectus supplement on August 13, 2026 for an underwritten offering of Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057, with the principal amount, coupon and spread left blank pending pricing. Barclays, Goldman Sachs & Co. LLC, J.P.
Key figures
- Maturity Date
- April 15, 2057
- Ppa capacity
- approximately 1,200 megawatts, contracts expiring 2038-2045
- Gas customers
- approximately 0.9 million in northern Indiana
- First reset date
- April 15, 2032
- Electric customers
- approximately 0.5 million in 20 Indiana counties
- Notes denominations
- $2,000 and integral multiples of $1,000
- Interest payment dates
- April 15 and October 15, first payment April 15, 2027
- Interest deferral limit
- up to 20 consecutive semi-annual interest payment periods (10 years)
- Subsidiary indebtedness
- approximately $0.3 billion (as of June 30, 2026)
- Optional redemption price
- 100% of principal
- Existing junior notes 2054
- $500 million at 6.950%
- Existing junior notes 2055
- $500 million at 6.375%
- Existing junior notes 2056
- $1 billion at 5.750%
- Nipasco indirect ownership
- 80.1%
- Senior indebtedness outstanding
- approximately $15.2 billion (as of June 30, 2026)
- Revolving credit facility expiry
- December 11, 2030
- Tax credit event redemption price
- 101% of principal
- Junior subordinated debt outstanding
- $2.0 billion (as of June 30, 2026)
- Rating agency event redemption price
- 102% of principal
Price after filing
1 day: +1.0%7 days: -1.0%30 days: -1.6%
Close on the filing date to close N calendar days later (from $42.08). Historical, not a forecast.
AI analysis
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