SOUTH JERSEY INDUSTRIES, INC.

Offer to Purchase for Cash
Any and All of the outstanding 5.625% Junior Subordinated Notes due 2079

Title of Security

CUSIP / ISIN

Aggregate Principal Amount of Notes Outstanding(1)

Total Consideration(2)


5.625% Junior Subordinated Notes due 2079


838518207 / US8385182071


$200,000,000


$18.00 per $25.00 principal amount of Notes

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(1) Only Notes tendered in principal amounts in minimum denominations of $25.00 and integral multiples of $25.00 will be accepted.

(2) Holders whose Notes are accepted for purchase pursuant to the Tender Offer will also receive the Accrued Coupon Payment (as defined below). Interest payments on the Notes were paid on September 16, 2024, so we expect accrued and unpaid interest payments to accrue from September 16, 2024 to, but excluding, the Settlement Date (as defined below).

The Tender Offer will expire at 5:00 p.m., New York City time, on October 30, 2024, unless extended (such date and time, as the same may be extended, the “Expiration Time”). Notes may be withdrawn at any time at or prior to 5:00 p.m., New York City time, on October 30, 2024, unless extended (such date and time, as the same may be extended, the “Withdrawal Deadline”), but not thereafter, except as required by applicable law (see “Terms of the Tender Offer—Withdrawal of Tenders”). If we accept any Notes validly tendered at or prior to the Expiration Time or the Guaranteed Delivery Date (as defined herein) pursuant to the Guaranteed Delivery Procedures (as defined herein) we will accept all such validly tendered Notes. The Tender Offer is being made upon the terms and subject to the conditions set forth in this offer to purchase (as it may be amended or supplemented from time to time, this “ Offer to Purchase”) and subject to the conditions set forth in the accompanying notice of guaranteed delivery (the “ Notice of Guaranteed Delivery”). The Tender Offer is subject to certain conditions, as described under “Terms of the Tender Offer—Conditions to the Tender Offer.”


To view copies of the Tender Offer documents please click on the links below

Offer to Purchase

Notice of Guaranteed Delivery

Retail Processing Dealer Form


Any questions regarding procedures for tendering Notes or requests for additional copies of this Offer to Purchase and the Notice of Guaranteed Delivery should be directed to the Information Agent.

The Tender Agent and Information Agent for the Offer is:‎

D.F. King & Co., Inc.

48 Wall Street, 22nd Floor
New York, New York 10005
United States of America
E-mail: sji@dfking.com
Toll free calls: (866) 864-7964
All others calls: (212) 269-5550

Any questions regarding the terms of the Tender Offer for the Notes should be directed to Mizuho Securities USA LLC at its address and telephone numbers set forth below.

Mizuho Securities USA LLC

1271 Avenue of the Americas
New York, New York 10020
Attention: Liability Management Group
Toll Free: 866 271 7403
Collect: 212 205 7741