NJR unit New Jersey Natural Gas sells $200 million of senior notes in private placement
New Jersey Natural Gas Company, a wholly owned subsidiary of New Jersey Resources, sold $200 million of senior notes to institutional investors under a Note Purchase Agreement dated August 21, 2025. The notes are secured by an equal amount of the subsidiary's First Mortgage Bonds, and the filing states that NJR itself will not be directly or contingently obligated on the notes.
Key points
- Series A: $100 million at 5.16%, due August 21, 2035
- Series B: $100 million at 5.85%, due August 21, 2055
- Notes are secured ratably with NJNG's First Mortgage Bonds; NJR is not directly or contingently obligated
- Proceeds are for general corporate purposes, including refinancing or retiring short-term debt and funding capital expenditures
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.