By Wendy Van Sickle
Columbus, Ohio, Nov. 15 – Spire Inc. wholly owned subsidiary Spire Missouri Inc. sold $275 million of 2.84% 10-year first mortgage bonds in a private placement, according to an 8-K filing with the Securities and Exchange Commission.
Proceeds will be used to repay existing debt and for general corporate purposes.
The bonds are subject to a make-whole call until Aug. 15, 2029 when they become callable at par.
Spire is natural gas distribution company based in St. Louis.
| Issuer: | Spire Missouri Inc.
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| Issue: | First mortgage bonds
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| Amount: | $275 million
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| Maturity: | Nov. 15, 2029
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| Coupon: | 2.84%
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| Call: | Make-whole call until Aug. 15, 2029, then callable at par
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| Distribution: | Private placement
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| Pricing date: | Nov. 12
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