Spire Missouri enters into $200 million term loan agreement

By Wendy Van Sickle

Columbus, Ohio, Jan. 3 – Spire Missouri Inc. entered into a loan agreement on Jan. 3 with U.S. Bank NA as administrative agent, providing for a $200 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. 3, 2024.

Borrowings bear interest at SOFR+ 10 basis points CSA plus a margin of 90 bps.

U.S. Bank NA, Mizuho Bank Ltd., Regions Bank and TD Bank NA are the joint lead arrangers.

Commerce Bank is the managing agent.

Mizuho Bank, Regions Bank and TD Bank 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.