NJR Increases Credit Facility to $650M, Extends Maturity to 2031

New Jersey Resources Corporation (NJR) and its subsidiary NJNG have amended their credit agreements. NJR increased its revolving credit commitments from $575 million to $650 million and extended the maturity date to October 27, 2031. NJNG's revolving credit commitments remain at $250 million, with its maturity date also extended to October 27, 2031. These amendments provide enhanced financial flexibility for the companies.