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NiSource to launch exchange offers for 3.65% notes, 5.65% preferred stock

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NiSource to launch exchange offers for 3.65% notes, 5.65% preferred stock

NiSource Inc. plans to exchange any and all of its outstanding 3.65% notes due 2023 for up to $350 million of 3.65% notes due 2023.

The company also intends to exchange any and all of its outstanding shares of 5.65% series A fixed-rate reset cumulative redeemable perpetual preferred stock for up to 400,000 shares of 5.65% preferred stock.

NiSource will not receive any proceeds from the exchange offers.