debt
confidence high
sentiment neutral
materiality 0.55
Spire issues $200M of 6.375% Junior Subordinated Notes due 2086 to redeem Series A Preferred Stock
SPIRE INC
- Issued $200M aggregate principal of 6.375% Junior Subordinated Notes due 2086.
- Net proceeds (plus other funds) to redeem all outstanding 5.90% Series A Preferred Stock ($250M liquidation preference).
- Underwriters include BofA Securities, Morgan Stanley, RBC Capital Markets, and Wells Fargo Securities.
- Applied for NYSE listing of the Notes; trading expected to begin within 30 days of January 12, 2026.