Spire Missouri Inc. Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Spire Missouri Inc |
| 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, debt
Related Tickers: SR
TL;DR
Spire Missouri Inc. just signed a big deal, creating a new financial obligation.
AI Summary
On October 23, 2025, Spire Missouri Inc., a subsidiary of Spire Inc., entered into a material definitive agreement related to a direct financial obligation. The filing indicates a creation of a financial obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This filing signals a significant financial commitment or obligation for Spire Missouri Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce financial risks and uncertainties for the company.
Key Players & Entities
- Spire Missouri Inc. (company) — Filer and party to the agreement
- Spire Inc. (company) — Parent company of Spire Missouri Inc.
- 2025-10-23 (date) — Date of the material definitive agreement and obligation
FAQ
What type of material definitive agreement did Spire Missouri Inc. enter into?
The filing states that Spire Missouri Inc. entered into a material definitive agreement that involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the specific nature of the financial obligation created?
The filing does not specify the exact nature of the financial obligation, only that it is a direct financial obligation or an obligation under an off-balance sheet arrangement.
When did this material definitive agreement become effective?
The agreement was entered into on October 23, 2025.
Is Spire Missouri Inc. the only entity involved in this financial obligation?
The filing indicates that Spire Missouri Inc. is the registrant creating the obligation, and it is a subsidiary of Spire Inc.
What is the potential impact of this obligation on Spire Missouri Inc.'s financial statements?
The creation of a direct financial obligation or an off-balance sheet arrangement will likely have an impact on Spire Missouri Inc.'s balance sheet and potentially its income statement, depending on the nature of the obligation.
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