Recent Updates — SR
On August 31, 2026, Spire Inc. entered into a Delayed Draw Term Loan Agreement providing for aggregate $400 million of delayed draw senior unsecured term loan commitments. The facility allows up to four borrowings during an availability period ending December 31, 2026 or upon full utilization. Proceeds are designated for general corporate purposes. Interest accrues at a base rate or Adjusted Term SOFR plus 0.80% per annum. The facility matures 364 days after the effective date and requires maintaining a consolidated capitalization ratio of not more than 70%. Spire Inc. operates in the energy infrastructure sector, providing natural gas distribution and storage services.
Spire Inc. announced that it has recast its fiscal 2025 quarterly financial information to present the results of Spire Marketing Inc. and Spire Storage as discontinued operations under ASC 205-20. This reclassification is presentational only and does not change consolidated net income, total assets, stockholders' equity, or cash flows. Spire Inc. operates in the energy sector, providing utility and midstream services.
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.