SPIRE INC 8-K

What Happened

• Spire Inc. announced on February 9, 2026 that it issued $400.0 million aggregate principal amount of 4.600% Senior Notes due 2031 under an underwriting agreement dated February 4, 2026. The notes were issued under its existing indenture with Regions Bank as successor trustee.

Key Details

• Issuance size: $400.0 million of 4.600% senior notes maturing in 2031.
• Use of proceeds: Spire intends to repay $350.0 million of its 5.300% Senior Notes due March 1, 2026; any remaining proceeds may fund the previously announced acquisition of the Tennessee natural gas business of Piedmont Natural Gas Company (a Duke Energy subsidiary) or be used for general corporate purposes.
• Timing and documents: Notes issued Feb 9, 2026; underwriting led by BMO Capital Markets, J.P. Morgan, Mizuho and U.S. Bancorp; offering registered under Spire’s Form S‑3 registration statement (File No. 333‑287024) and offered via a prospectus supplement filed Feb 5, 2026.
• Legal/structural items: Notes issued pursuant to a fourth supplemental indenture dated Feb 9, 2026; legal opinions and governing documents are attached as exhibits to the 8‑K.

Why It Matters

• The transaction replaces near‑term debt maturing in March 2026 ($350M at 5.30%) with longer‑dated notes due 2031 at a lower coupon (4.60%), extending maturity and lowering the coupon rate on at least the refinanced portion of debt. For investors, this affects Spire’s upcoming cash flow needs and capital structure and could provide more flexibility to complete the announced acquisition or other corporate uses.