NiSource Announces $250 Million Note Offering

Dec 01, 2010, 09:23 ET from NiSource Inc.

MERRILLVILLE, Ind., Dec. 1, 2010 /PRNewswire-FirstCall/ -- NiSource Inc. (NYSE: NI) announced today that its finance subsidiary, NiSource Finance Corp., is offering to sell $250 million aggregate principal amount of its long-term debt securities in an underwritten public offering under its effective shelf registration statement.  Principal and interest payments on the new notes will be fully and unconditionally guaranteed by NiSource.

NiSource Finance intends to use the net proceeds of this debt issuance to pay a portion of the purchase price for the cash tender offer announced separately today for up to $250 million aggregate principal amount of its outstanding 10.75% Notes due 2016 and 6.80% Notes due 2019.  

This news release is neither an offer to sell, a solicitation to buy nor an offer to purchase or sell any securities.  Deutsche Bank Securities Inc. and RBS Securities Inc. are acting as the joint book-running managers.  In addition, BNP Paribas Securities Corp., KeyBanc Capital Markets Inc., Mizuho Securities USA Inc. and PNC Capital Markets LLC are acting as co-managers.  Copies of the prospectus supplement and accompanying prospectus may be obtained by visiting the SEC's website at www.sec.gov or by contacting Deutsche Bank Securities Inc., Attn:  Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311 (or at 1-800-503-4611) or RBS Securities Inc., Attn:  Debt Capital Markets Syndicate, 600 Washington Boulevard, Stamford, Connecticut 06901 (or at 1-866-884-2071).

About NiSource

NiSource Inc., based in Merrillville, Ind., is a Fortune 500 company engaged in natural gas transmission, storage and distribution, as well as electric generation, transmission and distribution.  NiSource operating companies deliver energy to 3.8 million customers located within the high-demand energy corridor stretching from the Gulf Coast through the Midwest to New England. Information about NiSource and its subsidiaries is available via the Internet at www.nisource.com. NI-F

Forward-Looking Statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Those statements include statements regarding the intent, belief or current expectations of NiSource and its management.  Although NiSource believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved.  Readers are cautioned that the forward-looking statements in this news release are not guarantees of future performance and involve a number of risks and uncertainties, and that actual results could differ materially from those indicated by such forward-looking statements.  Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the following: weather; fluctuations in supply and demand for energy commodities; growth opportunities for NiSource's businesses; increased competition in deregulated energy markets; the success of regulatory and commercial initiatives; dealings with third parties over whom NiSource has no control; actual operating experience of NiSource's assets; the regulatory process; regulatory and legislative changes; the impact of potential new environmental laws or regulations; the results of material litigation; changes in pension funding requirements; changes in general economic, capital and commodity market conditions; and counter-party credit risk, and the matters set forth in the "Risk Factors" section in NiSource's 2009 Form 10-K and 2010 Forms 10-Q, many of which risks are beyond the control of NiSource.  NiSource expressly disclaims a duty to update any of the forward-looking statements contained in this release.

SOURCE NiSource Inc.



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