NiSource to repay $500 million variable-rate term loan with proceeds

By Sarah Lizee

Olympia, Wash., Nov. 8 – NiSource Finance Corp. intends to repay its $500 million variable-rate term loan due March 29, 2019 using proceeds from an offering of fixed-rate notes, according to a 424B5 filed with the Securities and Exchange Commission.

The term loan currently bears interest at a rate of 2.19233% per annum.

NiSource is a Merrillville, Ind., company with businesses in natural gas transmission, storage and distribution, and electricity generation, transmission and distribution.

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