NISOURCE INC. (NI) Form 424B5 — Nov 2, 2026
NiSource filed a preliminary prospectus supplement for an offering of senior unsecured notes due 2032, with the principal amount, coupon and proceeds left blank pending pricing. Joint book-running managers are BMO Capital Markets, KeyBanc Capital Markets, Mizuho and PNC Capital Markets. Proceeds are earmarked for general corporate purposes including capital expenditures, working capital and repayment of existing debt, which may include amounts under the revolving credit facility or commercial paper program — triggering FINRA 5121 conflict-of-interest procedures for certain underwriters.
Key figures
- Total Debt
- $15.3 billion senior unsecured indebtedness outstanding as of September 30, 2026
- Maturity Date
- 2032 (notes maturity, day/month blank)
- Subsidiary debt
- approximately $0.4 billion
- Note denominations
- $2,000 and integral multiples of $1,000
- Nip SCO gas customers
- approximately 0.9 million
- Junior subordinated debt
- $2.75 billion
- Nip SCO electric customers
- approximately 0.5 million
- Revolving credit facility expiry
- December 11, 2030
- Tax credit event redemption price
- 101% of principal
AI analysis
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