Spire Inc. issues $900 million in junior subordinated notes
Spire Inc. has issued $900 million in junior subordinated notes, split into $450 million in 6.250% Series A and $450 million in 6.450% Series B, both due in 2056. The proceeds will help finance the acquisition of the Tennessee natural gas business from Piedmont Natural Gas Company, a Duke Energy subsidiary. The offering was completed on November 24, 2025, under an Underwriting Agreement with major financial institutions.
Spire Inc. has announced the issuance of $450 million in 6.250% Series A Junior Subordinated Notes due 2056 and $450 million in 6.450% Series B Junior Subordinated Notes due 2056. The offering, completed on November 24, 2025, was conducted under an Underwriting Agreement with several major financial institutions acting as representatives. Spire plans to use the net proceeds from the offering, together with other funds, to finance its acquisition of the Tennessee natural gas business of Piedmont Natural Gas Company, a subsidiary of Duke Energy Corporation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spire Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-293344), on November 24, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
