Published on 12/18/2020 in the Prospect News Private Placement Daily.
New Issue: Spire Alabama completes $150 million placement of 2.04% 10-year notes
By Devika Patel
Knoxville, Tenn., Dec. 18 – Spire Alabama Inc. settled a $150 million private placement of 2.04% 10-year series 2020 senior notes on Dec. 15, according to an 8-K filed with the Securities and Exchange Commission.
Proceeds will be used to refinance debt and for general corporate purposes.
The Birmingham, Ala., company is a subsidiary of Spire Inc., a natural gas distribution company based in St. Louis.
| Issuer: | Spire Alabama Inc.
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| Issue: | Series 2020 senior notes
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| Amount: | $150 million
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| Maturity: | Dec. 15, 2030
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| Coupon: | 2.04%
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| Call: | Make-whole call until three months prior to maturity, then a par call
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| Settlement date: | Dec. 15
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| Distribution: | Private placement
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