Hunton Andrews Kurth LLP advised sales agents, forward sellers and forward purchasers in connection with the re-establishment of the at-the-market program, with a forward component, for NiSource Inc. (the “Company”) to sell up to an aggregate of $1.5 billion of its common stock from time to time through either sales agents or forward purchasers, who will, at the Company’s request, borrow from third parties.
NiSource is an energy holding company whose primary subsidiaries are fully regulated natural gas and electric utility companies, serving approximately 3.8 million customers in six states. NiSource generates substantially all of its operating income through these rate regulated businesses, which are summarized for financial reporting purposes into two primary reportable segments: Columbia Operations and NIPSCO Operations.
The Hunton team included Peter K. O’Brien, Brendan P. Harney, Reuben H. Pearlman and Catherine I. Bulger. Joseph Buonanno provided advice on the forward component.