secwatch.observer — SEC 8-K summary
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Issuer:     SPIRE INC (SR)
CIK:        0001126956
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001437749-24-031522
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire enters $1.5B revolving credit facility, replacing prior agreement
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- Aggregate commitment $1.5B; sublimits: Spire $525M, Spire Missouri $700M, Spire Alabama $275M.
- Borrowers may request up to $500M increase (total $2B); includes $40M LC subfacility and $125M swingline.
- Interest based on adjusted term SOFR or base rate plus margins from 0.875%-1.5% (SOFR) or 0%-0.5% (base rate), depending on debt ratings.
- Financial covenant limits consolidated debt to 70% of consolidated capitalization for each borrower.
- Revolving loans to Spire Missouri and Spire Alabama mature within 364 days; facility replaces July 2022 agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1126956/000143774924031522/0001437749-24-031522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3146/000143774924031522/spre20241015_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031522

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