NiSource Inc. on June 4 said it has launched a cash tender offer for up to $760.2 million of three series of its outstanding debt securities.
The tender offer is for up to $255.1 million of the company's 6.80% notes due 2019, up to $325.1 million of its 5.45% notes due 2020 and up to $180.0 million of its 6.125% notes due 2022, according to a news release. The tender offer is set to expire at 5 p.m. ET on June 11, unless extended.
The transaction is subject to certain conditions, including the receipt of proceeds of at least $350 million from one or more capital markets issuances, NiSource said.
Credit Suisse Securities will serve as dealer manager for the tender offer. D.F. King & Co. Inc. will serve as the tender agent and information agent.
