Nisource Inc (NI) has released an update.
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NiSource Inc. has entered into equity distribution agreements with major financial institutions to sell up to $900 million of its common stock by December 31, 2025. This at-the-market offering allows for sales through various methods, including the New York Stock Exchange. Additionally, forward sale agreements have been established, enabling the company to potentially receive proceeds from shares sold by forward sellers in the future. The company retains flexibility in settlement options and will pay commissions to agents involved in the transactions. These strategic financial moves are designed to bolster the company’s capital and provide funding flexibility under prevailing market conditions.
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