NiSource Inc. companies have closed on a combined $3.5 billion of revolving credit capacity in three five-year facilities.
The majority of the capacity, $1.5 billion each at NiSource and Columbia Pipeline Group Inc., will become effective following the proposed separation of NiSource's natural gas pipeline business into a stand-alone publicly traded company. The post-separation NiSource facility will amend and replace the company's existing $2 billion revolving credit agreement. Both facilities will be used for working capital and other general corporate purposes.
The $500 million facility at Columbia Pipeline Partners LP will become effective if and when the partnership completes its proposed initial public offering of common units.