NYSE:NJRGas Utilities
A Fresh Look at New Jersey Resources (NJR) Valuation Following $200 Million Senior Notes Sale
New Jersey Resources (NJR) just made a major move that should catch investors’ attention. The company announced it is raising $200 million by selling senior notes to institutional investors. The fresh capital is slated for refinancing debt, funding capital expenditures, and bolstering corporate finances. While a note sale is not as flashy as a large acquisition, it signals management’s intention to prioritize stability and operational flexibility as markets adjust to shifting rates and...