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May 24, 2015 4:23 AM ET

Multi-Utilities

Company Overview of Nisource Finance Corp.

Company Overview

NiSource Finance Corp. is a debt issuing vehicle. NiSource, a regional energy holding company, provides natural gas, electricity, and other products and services to the customers located within the energy corridor that runs from the Gulf Coast through the Midwest to New England. Nisource Finance Corp. operates as a subsidiary of NiSource Inc.

801 East 86th Avenue

Merrillville, IN 46410

United States

Founded in 2000

Phone:

219-647-5200

Key Executives for Nisource Finance Corp.

Principal Executive Officer, President, Principal Financial Officer and Director
Age: 69
Principal Accounting Officer and Vice President
Age: 62
Compensation as of Fiscal Year 2014.

Nisource Finance Corp. Key Developments

Nisource Finance Corp. Announces Early Tender Results for Tender Offer

NiSource Inc. announced the early tender results as of 5:00 p.m., Eastern time, May 18, 2015 (the Early Tender Deadline) for the previously announced cash tender offer made NiSource Finance Corp., for up to a combined aggregate principal amount of $750,000,000 of its 5.250% Notes due 2017, 6.400% Notes due 2018, 4.450% Notes due 2021, and 3.850% Notes due 2023. The principal amount of each series of Notes that were validly tendered and not validly withdrawn in the Tender Offer as of the Early Tender Deadline is set forth in the table below. NiSource Finance has amended the terms of the Tender Offer to increase the Tender Cap for the Priority 2 Notes from $300,000,000 to $323,973,000, and, as a result, no Priority 4 Notes will be accepted for purchase. All other terms of the Tender Offer, as previously announced, remain unchanged.

NiSource Finance Corp. Announces $750,000,000 Cash Tender Offer for Certain Notes

NiSource Inc. announced that NiSource Finance Corp. has commenced a cash tender offer for up to a combined aggregate principal amount of $750,000,000 of its 5.250% Notes due 2017, 6.400% Notes due 2018, 4.450% Notes due 2021, and 3.850% Notes due 2023. The Tender Offer is being made pursuant to, and subject to the terms and conditions in, an Offer to Purchase, dated May 5, 2015 which sets out a description of the terms of the Tender Offer. The Tender Offer will expire at 11:59 p.m., Eastern Time, on June 2, 2015, unless extended (such date and time, as the same may be extended, the "Expiration Time"). Holders of Notes must validly tender and not validly withdraw their Notes on or before 5:00 p.m., Eastern time, on May 18, 2015, unless extended (such date and time, as the same may be extended, the "Early Tender Deadline") to be eligible to receive the applicable Total Consideration for their tendered Notes. After such time, the Notes may not be withdrawn except in certain limited circumstances where additional withdrawal rights are required by law. The Tender Offer is not conditioned upon any minimum amount of Notes being tendered, and the Tender Offer may be amended, extended, terminated or withdrawn in whole or with respect to one or more series of Notes. The amounts of each series of Notes that are purchased on any settlement date will be determined in accordance with the Acceptance Priority Levels set out on the table above and the front cover of the Offer to Purchase, with 1 being the higher acceptance priority level and 4 being the lowest Acceptance Priority Level. In addition, no more than $275,000,000 aggregate principal amount of the series of Notes with Acceptance Priority Level 1 and no more than $300,000,000 aggregate principal amount of the series of Notes with Acceptance Priority Level 2 will be purchased in the Tender Offer (each such aggregate principal amount, a "Tender Cap" with respect to the applicable series of Notes). NiSource will only accept for purchase Notes up to a combined aggregate principal amount of $750,000,000, subject to the applicable Tender Caps and Acceptance Priority Levels.

NiSource Finance Corp. Enters into $750 Million Term Loan Agreement

On august 20, 2014, NiSource finance corp., as borrower, and NiSource inc., as guarantor, entered into a $750 million term loan agreement with the lenders party thereto, Cobank acb, as syndication agent, and JPMorgan chase bank, N.A., as administrative agent, and J.P. Morgan securities LLC and Cobank, acb, as joint lead arrangers and joint book runners. NiSource finance borrowed the full $750 million on August 20, 2014. The term loan matures August 18, 2017 and bears interest at the option of the company at a rate equal to the alternate base rate (which is a floating rate equal to the highest of the prime rate of interest announced by the administrative agent from time to time, the federal funds effective rate in effect from time to time + 0.50% and one-month libo rate + 1.0%) plus an applicable margin (which applicable margin is currently 0 basis points), or a rate equal to the 1, 2, 3 or 6-month libo rate plus (b) an applicable margin (which applicable margin is currently 100 basis points). The agreement includes one financial covenant, a maximum debt-to-capitalization covenant set at 70%, which is consistent with NiSource finance’s existing $2 billion amended and restated revolving credit agreement and $325 million amended and restated credit agreement.

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