Hunton Advises on NiSource Inc.’s $1B Offering of Junior Subordinated Notes
Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NiSource Inc. (NiSource) of $1 billion aggregate principal amount of 5.750% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
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. Robert McNamara and William B. Freeman provided tax advice.
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