Hunton Andrews Kurth Advises on NiSource Inc.’s $2 Billion SEC-Registered Debt Offerings and Concurrent Debt Tender Offers
Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NiSource Inc. (“NiSource”) of $1.25 billion aggregate principal amount of 0.950% Notes due 2025 and $750 million aggregate principal amount of 1.700% Notes due 2031. Proceeds from the sale of the notes were used, in part, to fund NiSource’s concurrent cash tender offers to purchase certain of its outstanding notes (the “Concurrent Tender Offers”). Hunton Andrews Kurth represented the dealer manager in connection with the Concurrent Tender Offers.
NiSource is an energy holding company under the Public Utility Holding Company Act of 2005 whose subsidiaries are fully regulated natural gas and electric utility companies serving approximately 4 million customers in seven states.
The Hunton Andrews Kurth team included Pete O’Brien, Christina Kwon, Steve Friend, Brendan P. Harney and Flavia Vehbiu. Robert McNamara and Tim Strother provided tax advice.