Spire Announces $825M Senior Notes Offering
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Spire Inc. announced an $825 million Senior Notes offering by Spire Tennessee Inc., contingent on acquiring Piedmont Natural Gas Tennessee's operations in Nashville. This acquisition, valued at $2.48 billion, aims to expand Spire's utility footprint and diversify its business. The acquisition is expected to close in Q1 2026, pending regulatory approval. Analysts rate Spire stock as Hold with an $89 target. Spire operates in the natural gas industry, serving 1.7 million customers across several states.
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