NiSource entered into eight separate equity distribution agreements on February 22, 2024, under which it may sell up to $900,000,000 of common stock through December 31, 2025 on an at-the-market basis.

1. 01

   NiSource entered into eight separate equity distribution agreements on February 22, 2024, under which it may sell up to $900,000,000 of common stock through December 31, 2025 on an at-the-market basis.

2. 02

   The company said it may enter into forward sale agreements under the Master Forward Sale Confirmations. It said it will not initially receive proceeds from the sale of borrowed shares by a Forward Seller, and that upon physical settlement it will receive cash equal to the forward sale price per share multiplied by the number of shares underlying the agreement.

3. 03

   The company said it will pay each Agent a commission of up to 2% of the sales price of shares sold through that Agent. It also said the forward sale price is adjusted based on a floating interest rate factor and amounts related to expected dividends.

4. 04

   The company said it has no obligation to issue or sell shares, and that actual sales will depend on market conditions, the trading price of its stock and other factors. It also said it plans to use the proceeds for general corporate purposes, including capital expenditures, working capital and repayment of existing debt.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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