debt
confidence high
sentiment neutral
materiality 0.50
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.