Hunton Andrews Kurth Advises on NiSource Inc.’s $500 Million SEC-Registered Offering of Junior Subordinated Notes

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NiSource Inc. (NiSource) of $500 million aggregate principal amount of 6.950% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.

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’s principal subsidiaries include a controlling interest in Northern Indiana Public Service Company LLC, a gas and electric company, as well as NiSource Gas Distribution Group, Inc., a holding company that owns Columbia Gas of Kentucky, Columbia Gas of Maryland, Columbia Gas of Ohio, Columbia Gas of Pennsylvania, and Columbia Gas of Virginia. 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, Reuben H. Pearlman and Jingyi “Alice” Yao. Robert McNamara, William Freeman and Caitlin Scipioni provided tax advice.