NiSource Issues $400 Million of 30-Year Notes

NiSource Inc. NI today announced that its finance subsidiary, NiSource Finance Corp., has completed the sale of $400 million aggregate principal amount of 5.95% Notes due 2041 in an underwritten public offering. NiSource will fully and unconditionally guarantee NiSource Finance's obligations under the Notes. NiSource Finance intends to use the net proceeds from the sale of the Notes to repay short-term bank borrowings under its revolving credit facility.