Hunton Andrews Kurth Advises on NiSource Inc.’s $350 Million Debt Offering, 400,000 Shares of Preferred Stock and Concurrent Debt Tender

Time 1 Minute Read
June 12, 2018
News

Hunton Andrews Kurth LLP advised the initial purchasers in connection with NiSource Inc.’s (NiSource) issuance of $350 million aggregate principal amount of 3.650% Notes due 2023 and 400,000 shares of 5.650% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. Proceeds from the issuance will help fund the concurrent debt tender offer for three series of NiSource’s outstanding debt.

NiSource Inc. is an energy holding company under the Public Utility Holding Company Act of 2005 whose subsidiaries are fully regulated natural gas and electric utility companies serving approximately 3.9 million customers in seven states.

The Hunton Andrews Kurth team included Peter O’Brien, Steven Friend, Christina Kwon, Brendan P. Harney, Soyung Kang and Paloma Luz. Cary Tolley and Anna Page provided tax advice.

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