National Fuel Gas Company filed SEC Form 8-K: Entry into a Material Definitive Agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
As previously announced, on October 20, 2025, National Fuel Gas Company (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with CenterPoint Energy Resources Corp. (the “Seller”), pursuant to which, among other things, the Company agreed to acquire from the Seller all of the issued and outstanding equity interests of Vectren Energy Delivery of Ohio, LLC, the Seller’s Ohio natural gas local distribution company business (the “Transaction”). Pursuant to the Purchase Agreement, the Company will finance a portion of the purchase price for the Transaction at closing by entering into a Seller Note Agreement (the “Seller Note Agreement”) that will provide a $1.2 billion unsecured term loan credit facility.
On November 6, 2025, the Company entered into (i) Amendment No. 1 to Term Loan Agreement (the “Term Loan Amendment”) by and among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A. (“JPM”), as administrative agent (in such capacity, the “Term Loan Administrative Agent”), in respect of that certain Term Loan Agreement, dated as of February 14, 2024 (the “Term Loan Agreement”) by and among the Company, the lenders from time to time party thereto and the Term Loan Administrative Agent; and (ii) Amendment No. 2 to Credit Agreement (the “Credit Agreement Amendment”, and together with the Term Loan Amendment, the “Existing Credit Facility Amendments”) by and among the Company, the lenders party thereto and JPM as administrative agent (in such capacity, the “Credit Agreement Administrative Agent”), in respect of that certain Credit Agreement dated as of February 28, 2022 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of May 3, 2022, the “Credit Agreement”) by and among the Company, the lenders from time to time party thereto and the Credit Agreement Administrative Agent.
The Existing Credit Facility Amendments modify the definition of “Consolidated Indebtedness” in each of the Term Loan Agreement and the Credit Agreement to facilitate the Company’s ability to defease its obligations under the Seller Note Agreement following the closing of the Transaction.
| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information described in Item 1.01 relating to the Existing Credit Facility Amendments is hereby incorporated by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 6, 2025
| NATIONAL FUEL GAS COMPANY | ||
| By: |
/s/ Lee E. Hartz | |
| Name: |
Lee E. Hartz | |
| Title: |
General Counsel and Secretary | |