NiSource gives early results of tender offers for five series of notes

By Taylor Fox

New York, Aug. 26 – NiSource Inc. announced the early tender results of its cash tender offer to purchase up to $150 million of five series of notes, according to a press release.

The amount of notes validly tendered and not validly withdrawn prior to the early tender date of 5 p.m. ET Aug. 25, listed in order of acceptance priority level, are as follows:

• $97,398,000 of 6.25% notes due 2040 (Cusip: 65473QAW3);

• $223.45 million of 5.95% notes due 2041 (Cusip: 65473QAX1);

• $107,351,000 of 5.8% notes due 2042 (Cusip: 65473QAZ6);

• $155,847,000 of 5.65% notes due 2045 (Cusip: 65473QBD4); and

• $131.03 million of 5.25% notes due 2043 (Cusip: 65473QBB8).

All of the outstanding 6.25% notes due 2040 validly tendered and not validly withdrawn prior to the early tender date will be accepted for purchase.

Any outstanding 5.95% notes due 2041 validly tendered and not validly withdrawn will be subject to proration.

None of the outstanding 5.8% notes due 2042, 5.65% notes due 2045 and 5.25% notes due 2043 tendered prior to or at the early tender date will be accepted for purchase and will be returned. No maximum tender offer notes tendered after the early tender date will be accepted for purchase.

Holders of notes accepted for purchase will receive the total consideration, including the early tender payment of $30 per $1,000 principal amount early tender payment.

Holders will also receive accrued interest up to but not including the applicable settlement date for each offer.

The settlement date for the capped offer is set for Aug. 27.

The capped offer will expire at 11:59 p.m. ET on Sept. 9.

The dealer manager is Credit Suisse Securities (USA) LLC (800 820-1653, 212 325-2476).

The tender agent and information agent is D.F. King & Co., Inc. (212 269-5550, 877 679-4107).

NiSource intends to fund the purchase price of the notes accepted in the tender offers with a portion of the net proceeds from the sale of long-term debt securities in a public offering.

The energy holding company is based in Merrillville, Ind.

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