Spire Tennessee Secures $825 Million in Senior Notes Financing

Reuters12-18
Spire Tennessee Secures $825 Million in Senior Notes Financing

Spire Tennessee Inc., a wholly owned subsidiary of Spire Inc., has entered into a Master Note Purchase Agreement with institutional investors for the issuance and private placement of $825 million in Series 2026 Senior Notes. The financing will be structured in five tranches, with maturities ranging from April 1, 2029, to April 1, 2038, and interest rates set between 4.59% and 5.44% per annum, depending on the timing of the transaction’s closing. The notes are senior unsecured obligations and will rank equally with all other senior unsecured indebtedness of Spire Tennessee. Proceeds from the offering will be used as outlined in the company’s investor presentation. The transaction is expected to close following the satisfaction of certain acquisition conditions and no later than June 30, 2026.

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