Spire Missouri enters into $250 million term loan agreement

By Mary-Katherine Stinson

Lexington, Ky., Jan. 10 –Spire Missouri Inc. entered into a loan agreement on Jan. 5 with U.S. Bank NA as administrative agent, providing for a $250 million term loan which was fully drawn at closing, according to an 8-K filing with the Securities and Exchange Commission.

The term loan matures Oct. 5, 2023.

Borrowings bear interest at SOFR plus 10 basis points CSA plus a margin of 80 bps annually.

U.S. Bank NA, Regions Capital Markets, TD Bank NA and Wells Fargo Securities LLC are the joint lead arrangers.

Bank of Montreal and Commerce Bank are the managing agents.

Regions Bank and TD Bank NA are the co-syndication agents.

Wells Fargo Bank, NA is the documentation agent.

Proceeds may be used for working capital and general corporate purposes.

Spire is natural gas distribution company based in St. Louis.

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