By Cristal Cody
Tupelo, Miss., Aug. 7 – NiSource Inc. sold $750 million of 2.95% 10-year notes on Wednesday at a spread of 130 basis points over Treasuries, according to an FWP filed with the Securities and Exchange Commission.
The notes (Baa2/BBB+/BBB) priced at 99.826 to yield 2.97%.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Mizuho Securities USA Inc. and U.S. Bancorp Investments Inc. were the bookrunners.
Proceeds will be used for general corporate purposes, including working capital and debt repayment.
NiSource is a Merrillville, Ind.-based company with businesses in natural gas transmission, storage and distribution, and electricity generation, transmission and distribution.
| Issuer: | NiSource Inc.
|
| Amount: | $750 million
|
| Description: | Notes
|
| Maturity: | Sept. 1, 2029
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Mizuho Securities USA Inc. and U.S. Bancorp Investments Inc.
|
| Senior co-managers: | KeyBanc Capital Markets Inc. and PNC Capital Markets LLC
|
| Co-managers: | BofA Securities, Inc. and Loop Capital Markets LLC
|
| Coupon: | 2.95%
|
| Price: | 99.826
|
| Yield: | 2.97%
|
| Spread: | Treasuries plus 130 bps
|
| Call features: | Make-whole call at Treasuries plus 20 bps before June 1, 2029; thereafter at par
|
| Trade date: | Aug. 7
|
| Settlement date: | Aug. 12
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB+
|
| Fitch: BBB
|
| Distribution: | SEC registered
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