debt
confidence high
sentiment neutral
materiality 0.25
Spire extends credit agreement final maturity one year to Oct 11, 2031; Wells Fargo agent
SPIRE INC
- Spire Inc., Spire Missouri, Spire Alabama and Spire Tennessee signed the Extension and Second Amendment on Oct 13, 2026 with Wells Fargo Bank as administrative agent.
- Final Maturity Date extended from Oct 11, 2030 to Oct 11, 2031; banks holding more than 50% of revolving credit commitments consented.
- Banks not approving the extension keep the Oct 11, 2030 maturity, subject to Spire's right under Section 2.01(f) to replace them.
- Two additional one-year extensions remain permitted under the loan agreement; all other material terms of the Oct 11, 2024 credit agreement are unchanged.
- Signing lenders include JPMorgan Chase, U.S. Bank, Bank of America, Bank of Montreal, Mizuho, Morgan Stanley, RBC, Regions, TD, Commerce Bank and Busey Bank.