NiSource Announces Results Of Cash Tender Offer (NI)

NiSource Announces Expiration and Final Results of Cash Tender Offer NiSource Inc. NI announced today the expiration and final results of the previously announced cash tender offer by its finance subsidiary, NiSource Finance Corp., to purchase up to $325million aggregate principal amount of its outstanding 10.75% Notes due 2016. The tender offer expired at 11:59 p.m., New York City time, on December 29, 2010. As of the expiration date, the aggregate principal amount of Notes validly tendered and not validly withdrawn was $273.1 million, according to information provided by Global Bondholder Services Corporation, the depositary for the tender offer. All such Notes have been accepted for payment by NiSource Finance, with payment expected to occur today. NiSource Finance previously extended the early participation date to the expiration date. As a result, holders of all Notes accepted for purchase will receive $1,337.10 per $1,000 principal amount tendered, which includes an early tender payment of $30 per $1,000 principal amount tendered. Holders of such Notes will also be paid any accrued but unpaid interest on the Notes to, but not including, the payment date. All Notes purchased in the tender offer will be retired. Deutsche Bank Securities Inc. and RBS Securities Inc. were the dealer managers for the tender offer. Questions regarding the tender offer may be directed to Deutsche Bank at (212) 250-2955 (collect) or (866) 627-0371 (toll-free), or RBS at (203) 897-6145 (collect) or (877) 297-9832 (toll-free). Requests for documents may be directed to Global Bondholder Services Corporation, the information agent and depositary for the tender offer, at (212) 430-3774 (for banks and brokers) or (866) 952-2200 (U.S. toll-free). The tender offer was made solely by the Offer to Purchase dated December 1, 2010, which set forth the terms and conditions of the tender offer, and the related Letter of Transmittal, subject to a previously announced revision of the fixed spread used in determining the offer price, extension of the early participation date, increase of the tender cap and termination of the portion of the offer relating to NiSource Finance's 6.80% Notes due 2019.