Spire Inc. Enters Material Definitive Agreement

TL;DR

Spire Inc. just signed a big financial deal, expect updates on their debt.

AI Summary

On October 11, 2024, Spire Inc. entered into a Material Definitive Agreement related to a direct financial obligation. The filing details the creation of this obligation, which is a significant event for the company's financial structure. Further information regarding the specific terms and nature of this financial obligation is provided within the filing.

Why It Matters

This filing indicates a new financial commitment or obligation for Spire Inc., which could impact its debt levels, cash flow, and overall financial strategy.

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce new risks related to debt servicing, interest rate fluctuations, and the underlying purpose of the obligation.

Key Players & Entities

• Spire Inc. (company) — Filer of the 8-K
• Spire Alabama Inc. (company) — Subsidiary of Spire Inc.
• Spire Missouri Inc. (company) — Subsidiary of Spire Inc.
• October 11, 2024 (date) — Date of the Material Definitive Agreement

FAQ

Key Financial Figures

• $1.00 — hange on which registered Common Stock $1.00 par value SR New York Stock Exchange
• $25.00 — le Perpetual Preferred Stock, par value $25.00 per share SR.PRA New York Stock Exch
• $1.5 b — t has an aggregate credit commitment of $1.5 billion, including sublimits of $525 mill
• $525 million — of $1.5 billion, including sublimits of $525 million for Spire, $700 million for Spire Misso
• $700 million — ng sublimits of $525 million for Spire, $700 million for Spire Missouri, and $275 million fo
• $275 million — e, $700 million for Spire Missouri, and $275 million for Spire Alabama. These sublimits may
• $1.5 billion — me among the three Borrowers within the $1.5 billion aggregate commitment. In certain situat
• $500 million — te revolving credit commitment of up to $500 million (to a total of $2 billion). The Loan Ag
• $2 billion — nt of up to $500 million (to a total of $2 billion). The Loan Agreement also provides for
• $40 million — Borrowers in an aggregate amount up to $40 million and swingline loans in an aggregate amo
• $125 million — line loans in an aggregate amount up to $125 million. Letters of credit and swingline loans

Filing Documents

• spre20241015_8k.htm (8-K) — 56KB
• ex_733693.htm (EX-10.1) — 982KB
• 0001437749-24-031522.txt ( ) — 1367KB
• sr-20241011.xsd (EX-101.SCH) — 4KB
• sr-20241011_def.xml (EX-101.DEF) — 14KB
• sr-20241011_lab.xml (EX-101.LAB) — 18KB
• sr-20241011_pre.xml (EX-101.PRE) — 14KB
• spre20241015_8k_htm.xml (XML) — 8KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 11, 2024, Spire Inc. ("Spire"), Spire Missouri Inc. ("Spire Missouri") and Spire Alabama Inc. ("Spire Alabama" and, together with Spire and Spire Missouri, each, a "Borrower" and, collectively, the "Borrowers") entered into a Second Amended and Restated Loan Agreement among the Borrowers, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks (the "Loan Agreement"). The Loan Agreement amends, restates and replaces the Amended and Restated Loan and Security Agreement dated as of July 22, 2022, among the Borrowers, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, as amended by a First Amendment to Amended and Restated Loan Agreement dated as of January 5, 2023, and a Second Amendment to Amended and Restated Loan Agreement dated as of September 29, 2023. Each Borrower and its affiliates has or may have customary banking relationships with one or more of the banks under the Loan Agreement for the provision of a variety of financial services, including commercial paper dealer, pension fund trustee, cash management, investment banking, and lockbox services, none of which are material individually or in the aggregate with respect to any individual party. The Loan Agreement has an aggregate credit commitment of $1.5 billion, including sublimits of $525 million for Spire, $700 million for Spire Missouri, and $275 million for Spire Alabama. These sublimits may be reallocated from time to time among the three Borrowers within the $1.5 billion aggregate commitment. In certain situations, the Borrowers may request an increase in the aggregate revolving credit commitment of up to $500 million (to a total of $2 billion). The Loan Agreement also provides for letters of credit available to the Borrowers in an aggregate amount up to $40 million and swingline loans in an aggregate amount up to $125 million. Letters of cred

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed as part of this report: 10.1 Second Amended and Restated Loan Agreement, dated October 11, 2024, among Spire Inc., Spire Missouri Inc., Spire Alabama Inc., Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Spire Inc. Date: October 18, 2024 By: /s/ Adam W. Woodard Adam W. Woodard Vice President, Treasurer Spire Missouri Inc. Date: October 18, 2024 By: /s/ Adam W. Woodard Adam W. Woodard Vice President, Chief Financial Officer and Treasurer Spire Alabama Inc. Date: October 18, 2024 By: /s/ Adam W. Woodard Adam W. Woodard Vice President, Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR