The company is expecting to use the net proceeds gained from the issuance of the notes to repay short-term borrowings and for general corporate purposes.
The company has sold 3.85% of long-term notes which are due on 15 February 2023 for an aggregate principal amount of $250m in the first series of two.
It has also earned $500m aggregate principal amount by selling 5.25% notes due 15 February 2043, in an underwritten public offering.
NiSource will guarantee NiSource Finance’s obligations under the notes.
BNP Paribas Securities, Citigroup Global Markets, US Bancorp Investments, and Wells Fargo Securities, acted as joint book-running managers for the offering.
Mizuho Securities USA, PNC Capital Markets and Scotia Capital (USA) acted as senior co-managers.
Bank of New York Mellon, Fifth Third Securities, and The Huntington Investment Company acted as co-managers.
US based NiSource is engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution.
