Welcome to our dedicated page for South Jersey Inds news (Ticker: SJI), a resource for investors and traders seeking the latest updates and insights on South Jersey Inds stock.
South Jersey Industries, Inc. (NYSE: SJI) provides essential energy services through regulated utilities and innovative clean technology solutions. This news hub offers investors and stakeholders timely updates on SJI's operational developments, strategic initiatives, and regulatory milestones.
Access official press releases and curated analysis covering SJI Utilities' natural gas distribution, South Jersey Energy Solutions' renewable projects, and midstream infrastructure developments. Track updates on earnings reports, sustainability efforts, and energy market positioning through verified sources.
Key content includes regulatory filings, infrastructure investments, clean energy partnerships, and operational performance updates. Bookmark this page for direct access to SJI's latest announcements, presented with clarity for both professional analysts and energy sector observers.
South Jersey Industries (SJI) announced the final results of its cash tender offer for its 5.625% Junior Subordinated Notes due 2079. The tender offer, which expired on November 4, 2024, resulted in $95,490,150 in principal amount tendered, representing 47.75% of the outstanding notes. The company will pay $20.00 for each $25.00 principal amount of notes, plus accrued interest from September 16, 2024. Settlement is expected on November 6, 2024, with guaranteed delivery settlement on November 8, 2024. Mizuho Securities USA serves as the Dealer Manager for the tender offer.
South Jersey Industries (SJI) has announced changes to its cash tender offer for its 5.625% Junior Subordinated Notes due 2079. The company has increased the Total Consideration from $18.00 to $20.00 for each $25.00 principal amount of Notes and extended key deadlines. The new Expiration Time is set for November 4, 2024, at 5:00 p.m. NYC time, with the Guaranteed Delivery Date extended to November 6, 2024. As of October 28, 2024, $7,792,225 (3.9%) of the total $200,000,000 Notes outstanding had been tendered. The Withdrawal Deadline remains unchanged at October 30, 2024.
South Jersey Industries (SJI) has launched a cash tender offer to purchase any and all of its outstanding 5.625% Junior Subordinated Notes due 2079. The offer expires on October 30, 2024, at 5:00 p.m., New York City time, unless extended. The total consideration is $18.00 per $25.00 principal amount of Notes, plus accrued and unpaid interest.
Key dates include:
- Withdrawal Deadline: October 30, 2024, 5:00 p.m. NYC time
- Expiration Time: October 30, 2024, 5:00 p.m. NYC time
- Settlement Date: Expected November 1, 2024
- Guaranteed Delivery Date: Expected November 1, 2024
- Guaranteed Delivery Settlement Date: Expected November 5, 2024
The tender offer is not conditioned on any minimum amount of Notes being tendered. Mizuho Securities USA is serving as the Dealer Manager for the offer.
South Jersey Industries (SJI) announced change of control offers to repurchase various senior notes and bonds from its subsidiaries, South Jersey Gas (SJG) and Elizabethtown Gas (ETG), following a recent acquisition by the Infrastructure Investments Fund (IIF). The offers include repurchases of multiple series of notes due between 2024 and 2058. The SJI Offers will expire on March 16, 2023, while SJG and ETG offers will expire on March 28 and 29, 2023, respectively. The purchase price for all validly tendered notes will equal 100% of the principal amount plus accrued interest. Investors are encouraged to review the offer documents for detailed terms.
South Jersey Industries (SJI) has completed its acquisition by the Infrastructure Investments Fund (IIF), marking a significant step in SJI's commitment to sustainability and clean energy initiatives. This transaction enhances SJI's capabilities in modernizing critical infrastructure while ensuring safe, reliable energy delivery to its customers. Additionally, SJI's Board declared a stub period dividend of $0.1499 per share, reflecting the regular quarterly dividend rate prorated for a 44-day period. Shareholders as of January 31, 2023, will also receive $36.00 per share in cash as merger consideration.
