NiSource Secures $2.5 Billion Revolving Credit Facility Extension
NiSource Inc. has entered into a Seventh Amended and Restated Revolving Credit Agreement with a consortium of lenders including Barclays Bank PLC, JPMorgan Chase Bank, MUFG Bank, and Wells Fargo, among others. The new agreement increases NiSource's revolving credit facility by $650 million to a total of $2.5 billion and extends the termination date to December 11, 2030. It also raises the limit for standby letters of credit to $175 million and modifies certain financial thresholds and definitions. Additionally, provisions related to environmental, social, and governance $(ESG)$ targets and related rate adjustments have been removed. The agreement largely restates the terms of the previous credit facility, with updates as summarized.
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