Credit Suisse First Boston is backing a hostile bid by NiSource Inc. for Columbia Energy Group with a $5.7 billion short-term syndicated loan.

NiSource, based in Merrillville, Ind., said Monday it has launched a $68-a-share bid for Columbia Energy. First Boston is advising NiSource's bid. Citigroup Inc.'s Salomon Smith Barney unit is advising Columbia Energy, based in Herndon, Va.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.