SPIRE INC (SR): debt financing — Spire Missouri issues $150M in First Mortgage Bonds (4.88% & 5.12%)

SPIRE INC

$90M 4.88% bonds due 2030 and $60M 5.12% bonds due 2032 issued by Spire Missouri Inc.
Proceeds used for general corporate purposes; closing by May 1, 2025.
Bonds secured by existing Mortgage; rank equally with other first mortgage bonds.
Redemption at 100% plus make-whole amount based on 0.50% over comparable Treasury yield.
Private placement exempt from registration; no material change to financial condition.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SPIRE INC incurred senior notes of $60 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2032 with certain institutional purchasers at 5.12% per annum maturing September 15, 2032.

Instrument: senior notes
Principal: $60 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2032
Counterparty: certain institutional purchasers
Rate: 5.12% per annum
Maturity: September 15, 2032
Event: incurrence

Exact text from the filing

$60 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2032 (the “2032 Bonds” and together with the 2030 Bonds, the “Bonds”). Spire Missouri has provided prior written notice to the Bond Purchasers that the closing date will occur no later than May 1, 2025. The 2030 Bonds will bear interest at a rate of 4.88% per annum. The 2032 Bonds will bear interest at a rate of 5.12% per annum.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SPIRE INC incurred senior notes of $90 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2030 with certain institutional purchasers at 4.88% per annum maturing September 15, 2030.

Instrument: senior notes
Principal: $90 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2030
Counterparty: certain institutional purchasers
Rate: 4.88% per annum
Maturity: September 15, 2030
Event: incurrence

Exact text from the filing

On April 21, 2025, Spire Missouri Inc. (“Spire Missouri”), a wholly-owned subsidiary of Spire Inc., entered into a Bond Purchase Agreement, dated April 21, 2025 (“Bond Purchase Agreement”), among Spire Missouri and certain institutional purchasers (“Bond Purchasers”) pursuant to which Spire Missouri will issue and sell to the Bond Purchasers in a private placement exempt from registration under the Securities act of 1933, as amended, $90 million in aggregate principal amount of its First Mortgage Bonds due September 15, 2030

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Source: SEC EDGAR

accession 0000950170-25-056298

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