SPIRE INC (SR): debt financing — Spire Missouri obtains $250M unsecured term loan due Oct 2023

SPIRE INC

$250M unsecured term loan fully drawn on Jan 5, 2023, matures Oct 5, 2023.
Interest at base rate or adjusted SOFR plus 0.80% margin (SOFR loans).
Proceeds used for working capital and general corporate purposes.
Loan agreement contains customary representations, covenants, and events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SPIRE INC incurred term loan of $250 million with U.S. Bank National Association, as administrative agent at a base rate or an adjusted forward-looking secured overnight financing rate, plu maturing October 5, 2023.

Instrument: term loan
Principal: $250 million
Counterparty: U.S. Bank National Association, as administrative agent
Rate: a base rate or an adjusted forward-looking secured overnight financing rate, plu
Maturity: October 5, 2023
Event: incurrence

Exact text from the filing

The Loan Agreement provides for a $250 million unsecured term loan, which was fully disbursed on January 5, 2023.

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Source: SEC EDGAR

accession 0001437749-23-000770

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