New Jersey Resources Corporation filed an 8-K on October 28, 2026, disclosing that it and its subsidiary New Jersey Natural Gas entered into third amendments to their respective senior unsecured revolving credit agreements on October 27, 2026, increasing NJR's facility and extending maturities for both borrowers to October 27, 2031.

Key Highlights

  • NJR facility increased: The NJR Third Amendment raises aggregate revolving credit commitments from $575,000,000 to $650,000,000.
  • Maturity extended for NJR: The maturity date of NJR's credit facility is extended to October 27, 2031.
  • NJNG facility unchanged in size: Aggregate revolving credit commitments under the NJNG facility remain at $250,000,000.
  • NJNG maturity extended: The NJNG facility's maturity date is extended from August 7, 2029 to October 27, 2031.
  • Administrative Agent: PNC Bank, National Association serves as Administrative Agent for both amended credit agreements.
  • Underlying agreement: Both amendments are to Second Amended and Restated Credit Agreements originally dated September 2, 2021.

New Jersey Resources Amends Two Credit Facilities, Expanding NJR Capacity and Extending Both Maturities

According to the filing, New Jersey Resources Corporation (NYSE:NJR) and certain of its unregulated subsidiaries, acting as guarantors, entered into the NJR Third Amendment on October 27, 2026. The amendment modifies the Second Amended and Restated Credit Agreement originally dated September 2, 2021, which had previously been amended in August 2022 and August 2024. The NJR Third Amendment 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.

Separately, the filing discloses that New Jersey Natural Gas Company (NJNG), as borrower, also entered into its own third amendment on October 27, 2026, to its Second Amended and Restated Credit Agreement, which shares the same original date and prior amendment history as the NJR agreement. The NJNG Third Amendment extends the maturity date from August 7, 2029 to October 27, 2031, while the aggregate revolving credit commitments under the NJNG senior unsecured revolving credit facility remain unchanged at $250,000,000.

The filing notes that NJR, NJNG, and their respective affiliates "regularly engage PNC Bank, National Association, PNC Capital Markets LLC and certain of the other lenders party to" the amended agreements "or their respective affiliates, to provide other banking services," and that "all of these engagements are negotiated at arm's length." The filing was signed by Roberto F. Bel, Senior Vice President and Chief Financial Officer. The company also disclosed a direct financial obligation under Item 2.03 by reference to the credit agreement disclosures.

What Was Disclosed

New Jersey Resources Corporation reported two third amendments to senior unsecured revolving credit agreements, one for NJR increasing its capacity to $650,000,000 and one for NJNG maintaining its $250,000,000 capacity, with both facilities now maturing October 27, 2031.