NJ Resources Corp Enters Material Definitive Agreement
Ticker: NJR · Form: 8-K · Filed: Aug 21, 2025 · CIK: 356309
Sentiment: neutral
Topics: material-agreement, debt-obligation
Related Tickers: NJR
TL;DR
NJR signed a big deal on 8/21/25. Details TBD.
AI Summary
On August 21, 2025, New Jersey Resources Corporation (NJR) entered into a material definitive agreement, likely related to its financial obligations. The company, incorporated in New Jersey with its principal executive offices in Wall, NJ, filed this 8-K report to disclose this event. Specific details of the agreement and any associated financial obligations are not provided in this excerpt.
Why It Matters
This filing indicates a significant new contract or financial commitment for New Jersey Resources Corp, which could impact its future financial performance and operations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and potential financial obligations, which inherently carry some level of risk until details are fully disclosed.
Key Players & Entities
- NEW JERSEY RESOURCES CORP (company) — Registrant
- August 21, 2025 (date) — Date of Report
- 001-08359 (other) — SEC File Number
- 22-2376465 (other) — IRS Employer Identification No.
- 1415 Wyckoff Road (address) — Principal Executive Offices
- Wall, New Jersey (address) — Principal Executive Offices Location
- 07719 (other) — ZIP Code
- 732-938-1480 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by New Jersey Resources Corp?
The filing states that New Jersey Resources Corp entered into a material definitive agreement on August 21, 2025, but the specific details of this agreement are not provided in the excerpt.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is August 21, 2025.
What is the SEC file number for New Jersey Resources Corp?
The SEC file number for New Jersey Resources Corp is 001-08359.
Where are the principal executive offices of New Jersey Resources Corp located?
The principal executive offices of New Jersey Resources Corp are located at 1415 Wyckoff Road, Wall, New Jersey, 07719.
What is the IRS Employer Identification Number for New Jersey Resources Corp?
The IRS Employer Identification Number for New Jersey Resources Corp is 22-2376465.
Filing Stats: 1,474 words · 6 min read · ~5 pages · Grade level 13.3 · Accepted 2025-08-21 17:00:44
Key Financial Figures
- $2.50 — nge on which registered Common Stock - $2.50 par value NJR New York Stock Exchan
- $200,000,000 — under which NJNG sold to the Purchasers $200,000,000 in aggregate principal amount of NJNG's
- $100,000,000 — nt of NJNG's senior notes consisting of $100,000,000 in aggregate principal amount of its 5.
- $1,000,000 — , the Notes, in an amount not less than $1,000,000 in aggregate principal amount of the No
Filing Documents
- ef20053737_8k.htm (8-K) — 36KB
- ef20053737_ex4-1.htm (EX-4.1) — 925KB
- ef20053737_ex4-2.htm (EX-4.2) — 126KB
- 0001140361-25-032225.txt ( ) — 1370KB
- njr-20250821.xsd (EX-101.SCH) — 4KB
- njr-20250821_lab.xml (EX-101.LAB) — 21KB
- njr-20250821_pre.xml (EX-101.PRE) — 16KB
- ef20053737_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement. The information included in Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01.
03
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On August 21, 2025, New Jersey Natural Gas Company ("NJNG"), a wholly-owned subsidiary of New Jersey Resources Corporation ("NJR"), and certain institutional investors in the private placement market (the "Purchasers") entered into a Note Purchase Agreement (the "Note Purchase Agreement"), under which NJNG sold to the Purchasers $200,000,000 in aggregate principal amount of NJNG's senior notes consisting of $100,000,000 in aggregate principal amount of its 5.16% Senior Notes, Series 2025A, due August 21, 2035 (the "Series A Notes") and $100,000,000 in aggregate principal amount of its 5.85% Senior Notes, Series 2025B, due August 21, 2055 (the "Series B Notes" and together with the Series A Notes, the "Notes"). The Notes will be secured by an equal principal amount of NJNG's First Mortgage Bonds issued under the Amended and Restated Indenture of Mortgage, Deed of Trust and Security dated September 1, 2014 between NJNG and U.S. Bank National Association, as Trustee, as predecessor in interest to U.S. Bank Trust Company, National Association, in its capacity as Trustee, as heretofore amended and supplemented and further amended and supplemented by the Seventeenth Supplemental Indenture dated as of August 1, 2025. Accordingly, the Notes are secured ratably with NJNG's First Mortgage Bonds in the collateral pledged to secure such bonds. NJR will not be obligated directly or contingently with respect to the Notes or the First Mortgage Bonds. The proceeds of the Notes will be used for general corporate purposes, including, but not limited to, refinancing or retiring short-term debt and funding capital expenditures. Interest will accrue on the Series A Notes at 5.16% per annum and will be payable on August 21 st and February 21 st of each year, beginning on February 21 , 2026, and on the maturity date of August 21, 2035. Interest will accrue on t
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 $200,000,000 Note Purchase Agreement, dated as of August 21, 2025, by and among New Jersey Natural Gas Company and the Purchasers party thereto. 4.2 Seventeenth Supplemental Indenture, dated as of August 1, 2025, by and between New Jersey Natural Gas Company and U.S. Bank Trust Company, National Association, as Trustee. 104 Cover page in Inline XBRL format. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEW JERSEY RESOURCES CORPORATION Date: August 21, 2025 By: /s/ Roberto F. Bel Roberto F. Bel Senior Vice President and Chief Financial Officer