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OFFER TO PURCHASE

made by the

INDIANA FINANCE AUTHORITY

and

THE BOARD OF DIRECTORS FOR UTILITIES OF THE DEPARTMENT OF PUBLIC UTILITIES OF THE CITY OF INDIANAPOLIS D/B/A CITIZENS ENERGY GROUP

to the Holders as described in the Invitation




Key Dates and Times


All of these dates and times are subject to change. All times are New York City time.
Notices of changes will be sent in the manner provided for in this Tender Offer.

Launch Date: April 23, 2026
Expiration Date: 5:00 p.m. on May 1, 2026
Withdrawal Deadline: 5:00 p.m. on May 1, 2026
Preliminary Acceptance Date: May 4, 2026
Final Acceptance Date: May 6, 2026
Settlement Date: May 18, 2026




1) The Board of Directors for Utilities of the Department of Public Utilities of the City of Indianapolis d/b/a Citizens Energy Group (“Citizens”), and its agents DO NOT recommend to you whether or not to offer your bonds for purchase. You are responsible for your own decisions regarding this and should consult your own financial advisors about it.

2) The only authorized information about the Tender Offer is the printed information prepared by the Citizens and their agents.

3) Information is posted on this website for the purpose of your convenience only. You may contact the Information Agent to receive personal copies of the Tender Offer. If there is a difference between the paper copies and the electronic versions of the documents, the paper copies from the Information Agent are correct.



INFORMATION FOR BONDHOLDERS

Offer to Purchase, dated April 23, 2026


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Globic Advisors

477 Madison Avenue, 6th floor
New York NY, 10022

7777 Glades Road, Suite 100
Boca Raton FL, 33434

Telephone: (212) 227-9699