New Jersey Natural Gas Company, a wholly-owned subsidiary of New Jersey Resources Corporation, issued $50,000,000 of 5.43% Senior Notes, Series 2026C, due October 22, 2036. The notes were sold on October 22, 2026, to institutional investors in a private placement market pursuant to a Note Purchase Agreement dated August 20, 2026.
The notes are secured by an equal principal amount of the company’s First Mortgage Bonds issued under an Amended and Restated Indenture of Mortgage. The security is provided under the Nineteenth Supplemental Indenture, dated October 1, 2026, between New Jersey Natural Gas Company and U.S. Bank Trust Company, National Association, as Trustee.
Interest on the notes accrues at an annual rate of 5.43% and will be payable on October 22 and April 22 of each year, beginning April 22, 2027, until the maturity date of October 22, 2036. The company may prepay all or part of the notes at any time, subject to minimum aggregate principal amount requirements and the payment of accrued interest and a make-whole amount.
Proceeds from the issuance are intended for general corporate purposes, including refinancing or retiring short-term debt and funding capital expenditures. The notes are not registered under the Securities Act of 1933 and are subject to transfer restrictions.
