Spire Missouri plans to price 30-year first mortgage bonds

By Rebecca Melvin

Concord, N.H., May 13 – Spire Missouri Inc. intends to offer first mortgage bonds due 2051, according to a 424B3 filing with the Securities and Exchange Commission.

The bonds feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, RBC Capital Markets LLC, TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are the bookrunners.

The proceeds will be used to redeem $55 million principal amount outstanding of existing 3% first mortgage bonds due March 15, 2023, which were called for redemption on May 24, to repay short-term debt and for general corporate purposes.

Spire Missouri is the largest natural gas distribution utility in Missouri.

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