Spire Subsidiary Issues $825M Debt for Operations
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Spire Tennessee Inc., a subsidiary of Spire Inc., announced the issuance of $825 million in debt through Series 2026 Senior Notes across five tranches, due between 2029 and 2038. These senior unsecured obligations aim to support operational and strategic needs, with interest rates adjusting based on closing timing. The latest analyst rating for Spire (SR) stock is a Buy with a $100 price target, despite cash flow challenges and bearish technical momentum.
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