Exhibit 99.1
![LOGO](https://capedge.com/proxy/8-K/0001193125-20-217810/g27824g63w91.jpg)
August 12, 2020
FOR ADDITIONAL INFORMATION
| | | | |
Media Ken Stammen Corporate Media Relations (614) 460-5544 kstammen@nisource.com | | Investors Randy Hulen Vice President, Investor Relations and Treasurer (219) 647-5688 rghulen@nisource.com | | Sara Macioch Manager, Investor Relations (614) 460-4789 smacioch@nisource.com |
NiSource Inc. Announces Pricing of $1,250,000,000 of 0.950% Senior Notes due 2025 and $750,000,000 of 1.700% Senior Notes due 2031
MERRILLVILLE, Ind. – NiSource Inc. (NYSE: NI) (“NiSource”) announced today the pricing of an underwritten public offering of $1,250,000,000 aggregate principal amount of its 0.950% Senior Notes due 2025 and $750,000,000 aggregate principal amount of its 1.700% Senior Notes due 2031 (collectively, the “Notes”). Closing of the offering is expected to occur on August 18, 2020, subject to customary closing conditions.
Following completion of the offering, NiSource expects to use a portion of the aggregate net proceeds from the offering to pay the purchase price and the costs and expenses payable in connection with NiSource’s offer to purchase for cash certain of its outstanding debt securities which was announced separately earlier today (the “Tender Offer”). NiSource also expects, following the expiration of the Tender Offer, to use a portion of the aggregate net proceeds from the offering to redeem certain of its outstanding debt securities which are not purchased pursuant to the Tender Offer, as well as prepay all of its outstanding privately placed 5.89% Series D Senior Notes due November 28, 2025. NiSource expects to use any remaining aggregate net proceeds for general corporate purposes.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.
NiSource has filed a registration statement (including a prospectus) related to the Notes with the Securities and Exchange Commission (“SEC”). Information about the offering of the Notes is available in the prospectus supplement to be filed by NiSource with the SEC. The offering is being made under NiSource’s registration statement filed with the SEC and only by means of the prospectus supplement and the accompanying prospectus. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement related to the offering and other documents NiSource has filed with the SEC for more complete information about NiSource and the offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, when available, a copy of the prospectus supplement and the accompanying prospectus may be obtained from any of the following:
Citigroup Global Markets Inc., toll-free at 1-800-831-9146, Credit Suisse Securities (USA) LLC, toll-free at 1-800-221-1037, Morgan Stanley & Co. LLC, toll-free at 1-866-718-1649 or Wells Fargo Securities, LLC, toll-free at 1-800-645-3751 or email: wfscustomerservice@wellsfargo.com.