debt
confidence high
sentiment neutral
materiality 0.60
Spire issues $400M 4.600% senior notes due 2031; proceeds to repay $350M maturing notes and fund acquisition
SPIRE INC
- Issued $400M aggregate principal of 4.600% Senior Notes due 2031 on February 9, 2026.
- Net proceeds will repay $350M of 5.300% Senior Notes maturing March 1, 2026.
- Remaining proceeds to finance the previously announced acquisition of Piedmont Natural Gas Company's Tennessee business from Duke Energy.
- Underwriting led by BMO Capital Markets, J.P. Morgan, Mizuho Securities, and U.S. Bancorp Investments.
- Notes issued under indenture dated August 19, 2014 with Regions Bank as successor trustee.