NiSource aims to conduct offering of guaranteed notes in two tranches

By Devika Patel

Knoxville, Tenn., May 11 – NiSource, Inc. – through its subsidiary NiSource Finance Corp. – intends to offer guaranteed fixed-rate notes in two tranches, according a 424B5 filing with the Securities and Exchange Commission.

The notes are due on May 15, 2027 and May 15, 2047.

The notes will have a make-whole call and then are callable at par.

Barclays, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and MUFG are the joint bookrunners.

Proceeds will be used to repurchase the company’s 6.125% notes due 2022, up to $175 million of its 6.4% notes due 2018, up to $200 million of its 6.8% notes due 2019 and up to $220 million of its 5.45% notes due 2020 and for general corporate purposes.

The securities are guaranteed by Merrillville, Ind., parent NiSource, a company with businesses in natural gas transmission, storage and distribution, and electricity generation, transmission and distribution.

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