secwatch.observer — SEC 8-K summary
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Issuer:     SPIRE INC (SR)
CIK:        0001126956
Form:       8-K
Filed at:   2026-03-31T23:59:59+00:00
Accession:  0001193125-26-134715
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire completes $2.48B acquisition of Piedmont Natural Gas Tennessee business from Duke Energy
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- Acquisition of Piedmont Natural Gas Tennessee for $2.48B cash closed on March 31, 2026.
- Spire Tennessee becomes largest investor-owned natural gas utility in Tennessee, serving 200,000+ customers.
- Acquisition funded with $800M DDTL (SOFR+0.85%) and $825M Senior Notes (4.59%-5.44% tranches due 2029-2038).
- More than 200 Piedmont employees transition to Spire; Joe Hampton named president of Spire Tennessee.
- Spire reaffirms long-term adjusted EPS growth of 5-7% supported by the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126956/000119312526134715/0001193125-26-134715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1126956/000119312526134715/sr-20260326.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-134715

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer