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Spire offers senior notes due 2026 via three bookrunners
By Mary-Katherine Stinson
Lexington, Ky., Feb. 5 – Spire Inc. is in the market with an offering of senior notes due March 1, 2026, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will non-callable.
Wells Fargo Securities, LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are the joint bookrunners for the offering and are also the selling securityholders. The selling securityholders have agreed to purchase $175 million of the principal amount of Spire’s 2021 series A 0.75% remarketable senior notes due 2026 in connection with the remarketing of the remarketable notes, which will settle on a date in February.
Regions Bank is the trustee.
Spire will use in-house counsel and Stinson LLP for legal advice. Bracewell LLP will represent the underwriters.
Proceeds will be used to pay existing debt and for general corporate purposes. Selling securityholders will only receive proceeds from $175 million of the principal amount of the notes that are being offered, and Spire will not receive any proceeds from that sale.
Spire is natural gas distribution company based in St. Louis.
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