Spire (SR) Launches $300M Debt Offering

Spire Inc. (NYSE: SR) announced today that it has commenced a registered underwritten public offering (the "Offering") of an aggregate principal amount of $300 million of its Senior Notes due 2026 (the "2026 Notes"), of which $125 million are being offered by Spire and $175 million are being offered by certain selling securityholders. Spire is concurrently remarketing $175 million principal amount of its 2021 Series A 0.75% Remarketable Senior Notes due 2026, which were originally issued as part of an offering of corporate units in February 2021.

Spire intends to use the net proceeds from its sale of the $125 million of 2026 Notes to repay existing debt and for general corporate purposes. Spire will not receive any proceeds from the sale of the 2026 Notes by the selling securityholders.

Wells Fargo Securities, Mizuho, and Morgan Stanley are acting as joint book running managers of the Offering.

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