Hunton Andrews Kurth Advises Underwriters on $350 Million SEC-Registered Inaugural Green Bond Offering by NiSource Inc.

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NiSource Inc. (NiSource) of $350 million aggregate principal amount of 5.000% Notes due 2052 (the “Notes”). An amount equal to the net proceeds of the Notes will be used by NiSource to finance, in whole or in part, expenditures to be incurred and investments to be made during the 2023 fiscal year related to the acquisition of wind energy projects, which are expected to include, in whole or in part, NiSource’s (i) 302 megawatt (nameplate capacity) Indiana Crossroads Wind project and (ii) 102 megawatt (nameplate capacity) Rosewater Wind project.

NiSource is an energy holding company whose primary subsidiaries are fully regulated natural gas and electric utility companies serving approximately 3.7 million customers in six states. NiSource’s principal subsidiaries include NiSource Gas Distribution Group, Inc., a natural gas distribution holding company, and Northern Indiana Public Service Company LLC, a gas and electric company. NiSource derives substantially all of its revenues and earnings from the operating results of these rate-regulated businesses.

The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.