MERRILLVILLE, Ind., May 2, 2018 /PRNewswire/ -- NiSource
Inc. (NYSE: NI) today announced that it has entered into an agreement to issue and sell an aggregate of 24,964,163 shares of its
common stock, par value $0.01 per share, in a private placement to selected institutional and
accredited investors for gross proceeds of approximately $606 million. NiSource expects to use the
net proceeds from the offering to finance capital expenditures and for general corporate purposes. The closing of the private
placement is expected to occur on or about May 4, 2018 and is subject to customary closing
conditions. Credit Suisse acted as the sole placement agent in connection with the private placement.
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended (the
"Securities Act"), or any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable
state laws. NiSource has agreed to file a registration statement under the Securities Act covering the resale of the shares of
common stock sold in the private placement.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described
herein.
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the
United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states
through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource has
approximately 8,000 employees. NI-F
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. Many factors
govern whether any forward-looking statement contained herein will be or can be realized. Any one of those factors could cause
actual results to differ materially from those projected. Examples of forward-looking statements in this press release include
statements and expectations regarding NiSource's or any of its subsidiaries' business, performance, growth, commitments,
investment opportunities, and planned, identified, infrastructure or utility investments. All forward-looking statements are
based on assumptions that management believes to be reasonable; however, there can be no assurance that actual results will not
differ materially. Factors that could cause actual results to differ materially from the projections, forecasts, estimates,
plans, expectations and strategy discussed in this press release include, among other things, NiSource's debt obligations; any
changes in NiSource's credit rating; NiSource's ability to execute its growth strategy; changes in general economic, capital and
commodity market conditions; pension funding obligations; economic regulation and the impact of regulatory rate reviews;
NiSource's ability to obtain expected financial or regulatory outcomes; any damage to NiSource's reputation; compliance with
environmental laws and the costs of associated liabilities; fluctuations in demand from residential and commercial customers;
economic conditions of certain industries; the success of NIPSCO's electric generation strategy; the price of energy commodities
and related transportation costs or an inability to obtain an adequate, reliable and cost-effective fuel supply to meet customer
demands; the reliability of customers and suppliers to fulfill their payment and contractual obligations; potential impairments
of goodwill or definite-lived intangible assets; changes in taxation and accounting principles; potential incidents and other
operating risks associated with our business; the impact of an aging infrastructure; the impact of climate change; potential
cyber-attacks; construction risks and natural gas costs and supply risks; extreme weather conditions; the attraction and
retention of a qualified work force; advances in technology; the ability of NiSource's subsidiaries to generate cash; tax
liabilities associated with the separation of Columbia Pipeline Group, Inc.; NiSource's ability to manage new initiatives and
organizational changes; the performance of third-party suppliers and service providers; the availability of insurance to cover
all significant losses and other matters set forth in Item 1A, "Risk Factors" section of NiSource's Annual Report on Form 10-K
for the fiscal year ended December 31, 2017 and in other filings with the Securities and Exchange
Commission. NiSource expressly disclaims any duty to update, supplement or amend any of its forward-looking statements contained
in this press release, whether as a result of new information, subsequent events or otherwise, except as required by applicable
law.
View original content with multimedia:http://www.prnewswire.com/news-releases/nisource-announces-private-placement-of-common-stock-300641020.html
SOURCE NiSource Inc.