Mergers & Acquisitions ·
Spire Inc. completed the sale of Belle Butte LLC, which owns Spire Storage West LLC and Spire Storage Salt Plains LLC…
SRSpire Inc
Spire Inc. completed the sale of Belle Butte LLC, which owns Spire Storage West LLC and Spire Storage Salt Plains LLC, to Subterra Energy Borrower, LLC for $657 million. The transaction included $607 million in cash at closing and $50 million in deferred consideration due by September 30, 2027. Spire intends to use the proceeds for general corporate purposes, debt reduction, and supporting its regulated natural gas utility operations. Spire Inc. is a natural gas utility company.