Material Agreement Form 8 K

Second Amendment to NJR Second Amended and Restated Credit Agreement

On August 7, 2024, New Jersey Resources Corporation ("NJR"), as borrower, and certain of NJR's unregulated subsidiaries, as guarantors (the "Guarantors"), entered into a second amendment (the "NJR Second Amendment") to the Second Amended and Restated Credit Agreement, dated as of September 2, 2021 (as amended by the First Amendment to Second Amended and Restated Credit Agreement, dated as of August 30, 2022, the "NJR Second A&R Credit Agreement") with the several lenders party thereto, and PNC Bank, National Association, as Administrative Agent. The NJR Second Amendment: (i) reduces the revolving credit facility from $650,000,000 to $575,000,000, (ii) extends the maturity date to August 7, 2029, pursuant to NJR's option to extend the maturity date under the NJR Second A&R Credit Agreement and (iii) permits NJR to request that the maturity date be extended up to two times for an additional period of one year each. All of the other material terms and conditions of the NJR Second A&R Credit Agreement remain unchanged. For a description of the NJR Second A&R Credit Agreement see NJR's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 9, 2021.

A copy of the NJR Second Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01. The foregoing summary of the NJR Second Amendment is qualified in its entirety by reference to the text of the NJR Second Amendment filed herewith.

NJR and its affiliates regularly engage the banks listed above to provide other banking services. All of these engagements are negotiated at arm's length.

Second Amendment to NJNG Second Amended and Restated Credit Agreement

On August 7, 2024, New Jersey Natural Gas Company ("NJNG"), a wholly-owned subsidiary of NJR, as borrower, entered into a second amendment (the "NJNG Second Amendment") to the Second Amended and Restated Credit Agreement, dated as of September 2, 2021 (as amended by the First Amendment to Second Amended and Restated Credit Agreement, dated as of August 30, 2022, the "NJNG Second A&R Credit Agreement"), with the several lenders parties thereto, and PNC Bank, National Association, as Administrative Agent. The NJNG Second Amendment: (i) extends the maturity date to August 7, 2029, pursuant to NJNG's option to extend the maturity date under the NJNG Second A&R Credit Agreement and (ii) permits NJNG to request that the maturity date be extended up to two times for an additional period of one year each. All of the other material terms and conditions of the NJNG Second A&R Credit Agreement remain unchanged. For a description of the NJNG Second A&R Credit Agreement see NJR's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 9, 2021.

A copy of the NJNG Second Amendment is filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated by reference into this Item 1.01. The foregoing summary of the NJNG Second Amendment is qualified in its entirety by reference to the text of the NJNG Second Amendment filed herewith.

NJNG and its affiliates regularly engage the banks listed above to provide other banking services. All of these engagements are negotiated at arm's length.