Spire Inc. Enters Material Definitive Agreement
Ticker: SRJN · Form: 8-K · Filed: Oct 24, 2025 · CIK: 1126956
| Field | Detail |
|---|---|
| Company | Spire Inc (SRJN) |
| Form Type | 8-K |
| Filed Date | Oct 24, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $25.00, $150 million, $50 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Spire Inc. just signed a big deal, creating a new financial obligation. Details TBD.
AI Summary
On October 23, 2025, Spire Inc. entered into a material definitive agreement, which also created a direct financial obligation for the registrant. The filing does not specify the other party to the agreement or the financial details of the obligation.
Why It Matters
This filing indicates a significant new financial commitment or partnership for Spire Inc., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation without immediate disclosure of terms introduces uncertainty regarding the nature and impact of this commitment.
Key Players & Entities
- Spire Inc. (company) — Registrant entering into agreement
- Spire Missouri Inc. (company) — Related entity
- Laclede Group Inc. (company) — Former name of Spire Inc.
- Laclede Gas Co. (company) — Former name of Spire Missouri Inc.
FAQ
What is the nature of the material definitive agreement Spire Inc. entered into?
The filing states that Spire Inc. entered into a material definitive agreement on October 23, 2025, but does not provide specific details about its nature.
What is the direct financial obligation created by this agreement?
The filing confirms the creation of a direct financial obligation for Spire Inc. as a result of the agreement, but the specific terms and amount are not disclosed in this document.
Who is the other party to this material definitive agreement?
The filing does not identify the other party involved in the material definitive agreement.
When was this agreement entered into?
The agreement was entered into on October 23, 2025.
What is the significance of the 'Item Information' regarding 'Creation of a Direct Financial Obligation'?
This indicates that Spire Inc. has undertaken a new financial commitment or debt that will appear on its balance sheet.
Filing Stats: 1,007 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2025-10-24 08:01:51
Key Financial Figures
- $1.00 — ange on which registered Common Stock $1.00 par value SR New York Stock Exchang
- $25.00 — le Perpetual Preferred Stock, par value $25.00 per share SR.PRA New York Stock Exc
- $150 million — the Securities Act of 1933, as amended, $150 million in aggregate principal amount of its Fi
- $50 million — ptember 15, 2030 (the "2030 Bonds") and $50 million in aggregate principal amount of its Fi
Filing Documents
- sr-20251023.htm (8-K) — 82KB
- 0001193125-25-249378.txt ( ) — 236KB
- sr-20251023.xsd (EX-101.SCH) — 54KB
- sr-20251023_htm.xml (XML) — 8KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On October 23, 2025, Spire Missouri Inc. ("Spire Missouri"), a wholly-owned subsidiary of Spire Inc., entered into a Bond Purchase Agreement, dated October 23, 2025 ("Bond Purchase Agreement"), among Spire Missouri and certain institutional purchasers ("Bond Purchasers") pursuant to which Spire Missouri issued and sold to the Bond Purchasers in a private placement exempt from registration under the Securities Act of 1933, as amended, $150 million in aggregate principal amount of its First Mortgage Bonds, 4.60% Series due September 15, 2030 (the "2030 Bonds") and $50 million in aggregate principal amount of its First Mortgage Bonds, 4.65% Series due January 15, 2031 (the "2031 Bonds") (collectively, the "Bonds"). The 2030 Bonds will bear interest at a rate of 4.60% per annum. The 2031 Bonds will bear interest at a rate of 4.65% per annum. The interest on the Bonds is payable semi-annually on the 15th day of March and September of each year. The Bonds are secured by a Mortgage and Deed of Trust, dated as of February 1, 1945 (as amended and supplemented heretofore, the "Mortgage"), under which Regions Bank is the present Trustee. The Mortgage is supplemented by a Forty-First Supplemental Indenture dated as of October 23, 2025. The Bonds will rank equal in right to payment with all other first mortgage bonds issued under the Mortgage. Spire Missouri will use the proceeds from the sale of the Bonds for general corporate purposes. The Bond Purchase Agreement contains provisions similar to those in other supplemental indentures to the Mortgage, including, among other things, limitations on certain types of liens and the payment of dividends and other restricted payments. It also contains customary events of default, including, without limitation, payment defaults, covenant defaults and certain events of bankruptcy and insolvency. Generally, upon the occurrence of a completed default, the trustee may, and shall if di
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 24, 2025 By: /s/ Adam W. Woodard Adam W. Woodard Executive Vice President and Chief Financial Officer Spire Missouri Inc. Date: October 24, 2025 By: /s/ Melinda S. Rush Melinda S. Rush Chief Financial Officer