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South Jersey Industries launches cash tender offer to buy back $287.5M of 2018 notes due 2031

Company Fundamentals
12 May 2026
GlobeNewsWire
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Neutral
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South Jersey Industries, Inc. has started a cash tender offer to repurchase all outstanding 2018 Series A 3.70% Remarketable Junior Subordinated Notes due 2031, totaling $287.5 million. The company offers $920 per $1,000 principal amount plus accrued interest from April 15, 2026, until the settlement date. This move aims to manage debt and possibly refinance with new subordinated notes, subject to market and legal conditions. The offer expires on May 26, 2026, with settlement expected by May 29, 2026, but may be extended or withdrawn depending on conditions.

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