NiSource amended and restated its revolving credit facility, increasing its existing $1.5 billion revolver by $350 million to $1.85 billion.
According to a related 8-K filing, Barclays Bank served as administrative agent for the transaction. JPMorgan Chase and the Bank of Tokyo-Mitsubishi were co-syndication agents. Citibank, Credit Suisse and Wells Fargo served as co-documentation agents and Barclays, JPMorgan, The Bank of Tokyo-Mitsubishi UFJ, Credit Suisse Securities (USA), Citigroup Global Markets and Wells Fargo Securities were joint lead arrangers and joint bookrunners.
NiSource finance was able to increase the facility by up to an additional $500 million. Up to $150 million of the facility will be available in form of standby letters of credit.
The amendment extends the term of credit agreement from July 1, 2020 until November 28, 2021.
Merrillville, IN-based NiSource is a regulated utility company serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands.