NiSource extends early tender deadline in offer for $300 million 7.875% notes due 2010

New York, April 15 - NiSource Inc. said its finance subsidiary, NiSource Finance Corp., extended the early tender deadline in its cash tender offer for up to $300 million principal amount of its outstanding 7.875% notes due 2010.

The early deadline is now midnight ET on April 28, pushed back to match the expiration date of the offer from 5 p.m. ET on April 14 previously.

However the withdrawal deadline remains 5 p.m. ET on April 14 and notes tendered cannot now be withdrawn.

As of the old early deadline, NiSource had received tenders of $248.073 million of the notes.

As announced on March 31, NiSource is offering to pay par for each $1,000 principal amount, including a fee of $30 for notes tendered by the early tender date.

The company also will pay accrued interest to the purchase date.

As of March 31, $932.43 million principal amount of the notes was outstanding.

NiSource said it is not soliciting consents to modify any of the covenants in the indenture governing the notes.

Citi (800 558-3745), JPMorgan Chase & Co. (800 866-4666 or collect 212 834-4802) and Wachovia Securities are the lead dealer managers. Banc of America Securities LLC, Credit Suisse and UBS Investment Bank are co-dealer managers.

Global Bondholder Services Corp. (866 873-7700 or 212 430-3774 for banks and brokers) is the information agent and depositary.

NiSource is a Merrillville, Ind., company engaged in natural gas transmission, storage and distribution as well as electric generation, transmission and distribution.

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