STOCK TITAN

New Jersey Resources lifts credit facility to $650M

NJR’s aggregate revolving commitments rise to $650,000,000, while NJNG’s remain $250,000,000 under their amended agreements.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

New Jersey Resources Corporation (NJR), as borrower, and certain unregulated subsidiaries as guarantors amended NJR’s senior unsecured revolving credit agreement on October 27, 2026. The amendment increases aggregate revolving credit commitments from $575,000,000 to $650,000,000 and extends the maturity date to October 27, 2031.

NJNG, as borrower, separately amended its senior unsecured revolving credit agreement. The amendment extends maturity from August 7, 2029 to October 27, 2031; aggregate revolving credit commitments remain $250,000,000.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
NJR prior aggregate revolving credit commitments $575,000,000 NJR facility before the October 27, 2026 amendment
NJR aggregate revolving credit commitments $650,000,000 After the October 27, 2026 amendment
NJR facility maturity October 27, 2031 Maturity date under the amended agreement
NJNG prior facility maturity August 7, 2029 Maturity date before the amendment
NJNG facility maturity October 27, 2031 Maturity date under the amended agreement
NJNG aggregate revolving credit commitments $250,000,000 Commitments remain at this amount under the amended agreement
senior unsecured revolving credit facility financial
"under the senior unsecured revolving credit facility"
A senior unsecured revolving credit facility is a bank loan line that a company can draw, repay and redraw up to an agreed limit, similar to a company credit card. It is “senior” because lenders are paid before other creditors if the company fails, and “unsecured” because it isn’t backed by specific assets; investors watch it for signals about a company’s short-term cash flexibility, borrowing cost and financial risk.
aggregate revolving credit commitments financial
"increases the aggregate revolving credit commitments"
Administrative Agent financial
"PNC Bank, National Association, as Administrative Agent"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much are NJR’s amended revolving credit commitments?

NJR’s aggregate revolving credit commitments increased from $575,000,000 to $650,000,000 under the October 27, 2026 amendment, and the facility maturity was extended to October 27, 2031. NJR is the borrower under the agreement.

When does NJNG’s credit facility mature, and what is its commitment?

NJNG’s amended facility matures on October 27, 2031, extended from August 7, 2029. Its aggregate revolving credit commitments remain $250,000,000. NJNG entered the amendment as borrower.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): October 27, 2026
 
NEW JERSEY RESOURCES CORPORATION
(Exact Name of registrant as specified in its charter)
 
New Jersey
001-08359
22-2376465
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
   
1415 Wyckoff Road    
Wall, New Jersey   07719
(Address of Principal Executive Offices)   (Zip Code)
(732) 938-1480
(Registrant’s telephone number, including area code)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
   
Title of each class Trading Symbol(s) Name of each exchange on
which registered
Common Stock - $2.50 par value NJR New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 

1

Item 1.01
Entry into a Material Definitive Agreement.
 
Third Amendment to NJR Second Amended and Restated Credit Agreement
 
On October 27, 2026, New Jersey Resources Corporation (“NJR”), as borrower, and certain of NJR’s unregulated subsidiaries, as guarantors (the “Guarantors”), entered into a third amendment (the “NJR Third Amendment”) to the Second Amended and Restated Credit Agreement, dated as of September 2, 2021 (as amended by the First Amendment to Second Amended and Restated Credit Agreement, dated as of August 30, 2022, and the Second Amendment to Second Amended and Restated Credit Agreement, dated as of August 7, 2024, the “NJR Second A&R Credit Agreement”), with the several lenders party thereto, and PNC Bank, National Association, as Administrative Agent. A description of the material terms of the NJR Second A&R Credit Agreement is included in Item 1.01 of NJR’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 9, 2021. The NJR Third Amendment, among other things, increases the aggregate revolving credit commitments under the senior unsecured revolving credit facility from $575,000,000 to $650,000,000 and extends the maturity date to October 27, 2031.
 
A copy of the NJR Third Amendment, including the NJR Second A&R Credit Agreement as amended thereby, attached as Annex A thereto, is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01. The foregoing summary of the NJR Third Amendment is qualified in its entirety by reference to the text of the NJR Third Amendment filed herewith.
 
NJR and its affiliates regularly engage PNC Bank, National Association, PNC Capital Markets LLC and certain of the other lenders party to the NJR Second A&R Credit Agreement, as amended by the NJR Third Amendment, or their respective affiliates, to provide other banking services. All of these engagements are negotiated at arm’s length.
 
Third Amendment to NJNG Second Amended and Restated Credit Agreement
 
On October 27, 2026, NJNG, as borrower, entered into a third amendment (the “NJNG Third Amendment”) to the Second Amended and Restated Credit Agreement, dated as of September 2, 2021 (as amended by the First Amendment to Second Amended and Restated Credit Agreement, dated as of August 30, 2022, and the Second Amendment to Second Amended and Restated Credit Agreement, dated as of August 7, 2024, the “NJNG Second A&R Credit Agreement”), with the several lenders party thereto, and PNC Bank, National Association, as Administrative Agent. A description of the material terms of the NJNG Second A&R Credit Agreement is included in Item 1.01 of NJR’s Current Report on Form 8-K filed with the SEC on September 9, 2021. The NJNG Third Amendment, among other things, extends the maturity date from August 7, 2029 to October 27, 2031. The aggregate revolving credit commitments under the senior unsecured revolving credit facility under the NJNG Second A&R Credit Agreement remain at $250,000,000.
 
A copy of the NJNG Third Amendment, including the NJNG Second A&R Credit Agreement as amended thereby, attached as Annex A thereto, is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01. The foregoing summary of the NJNG Third Amendment is qualified in its entirety by reference to the text of the NJNG Third Amendment filed herewith.
 
NJNG and its affiliates regularly engage PNC Bank, National Association, PNC Capital Markets LLC and certain of the other lenders party to the NJNG Second A&R Credit Agreement, as amended by the NJNG Third Amendment, or their respective affiliates, to provide other banking services. All of these engagements are negotiated at arm’s length.
 
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
 
The information set forth in Item 1.01 is incorporated in this Item 2.03 by reference.
 
Item 9.01
Financial Statements and Exhibits.
 
(d) Exhibits.
 
  
Exhibit Number
Description
10.1
Third Amendment to Second Amended and Restated Credit Agreement, dated as of October 27, 2026, by and among NJR, the guarantors party thereto, the lenders party thereto and PNC Bank, National Association, as Administrative Agent (including the Second Amended and Restated Credit Agreement, as amended thereby, attached as Annex A thereto).*
10.2
Third Amendment to Second Amended and Restated Credit Agreement, dated as of October 27, 2026, by and among NJNG, the lenders party thereto and PNC Bank, National Association, as Administrative Agent (including the Second Amended and Restated Credit Agreement, as amended thereby, attached as Annex A thereto).*
104
Cover page in Inline XBRL format
 

* Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. NJR agrees to furnish supplementally a copy of any omitted schedule or exhibit to the SEC upon request.
 
2

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: October 28, 2026
By:
/s/ Roberto F. Bel
   
Roberto F. Bel
   
Senior Vice President and Chief Financial Officer
 
 

0000356309 false 0000356309 2026-10-27 2026-10-27

Filing Exhibits & Attachments

5 documents

Keep reading