National Fuel Gas prices debt offering to fund $2.62B CenterPoint Ohio acquisition

Filed May 27, 2026 · ~2 min read

Key Changes

• high

  National Fuel Gas is issuing notes to finance the $2.62 billion acquisition of CenterPoint Ohio and to repay $300 million of 2026 Notes. The company will also use commercial paper, a $1.2 billion seller note, and $350 million from a December 2025 equity private placement.

  Use of Proceeds verify on EDGAR →
• high

  If the CenterPoint Acquisition does not close by April 20, 2027 (or a later agreed date), the company must redeem all notes at 101% of principal plus accrued interest. The company is not required to escrow proceeds and may lack funds to complete the redemption.

  Risk Factors verify on EDGAR →
• medium

  The notes are issued by a holding company and are effectively subordinated to all liabilities of National Fuel Gas's operating subsidiaries, including trade creditors and subsidiary debt. The company's ability to pay depends on subsidiaries' ability to upstream cash.

  Risk Factors verify on EDGAR →