# SPIRE INC (SRJN) — capital_raise [announced]
Source: sec.gov · situation sit_d9e140c67c7e12027b45 · public 3017366353059416523 · retrieved 2026-09-04T01:10:42.025Z

## Overview
Spire Inc. is a natural gas distribution company incorporated in Missouri.

On August 31, 2026, Spire Inc. entered into a Delayed Draw Term Loan Agreement providing for an aggregate $400 million of delayed draw senior unsecured term loan commitments. The facility allows the Company to request up to four borrowings during an availability period ending on the earliest of (i) the date commitments are fully utilized, (ii) the date of the fourth borrowing, or (iii) December 31, 2026. Proceeds may be used for general corporate purposes. Loans bear interest at either a base rate or Adjusted Term SOFR plus 0.80% per annum, at the Company's election. The facility matures 364 days after the effective date. The administrative agent is Mizuho Bank, Ltd., with U.S. Bank National Association as syndication agent; Regions Bank and The Toronto-Dominion Bank, New York Branch serve as co-documentation agents, and Bank of America, N.A. and Commerce Bank serve as co-managing agents.

## Terms
- Counterparty: Mizuho Bank, Ltd., U.S. Bank National Association, Regions Bank, The Toronto-Dominion Bank, New York Branch, Bank of America, N.A., and Commerce Bank · Deal value: $400.0M · Consideration: cash

## Key dates
- Announced 2026-09-01 · Expiry 2026-12-31 · Expected close 2026-08-31

## Timeline
- 2026-09-01 · 8-K (0001193125-26-378491): 8-K - SPIRE INC — *Spire Inc. is a natural gas distribution company incorporated in Missouri.* On August 31, 2026, Spire Inc. entered into a Delayed Draw Term Loan Agreement providing for an aggregate $400 million of delayed draw senior unsecured term loan commitments. The facility allows the Company to request up to four borrowings during an availability period ending on the earliest of (i) the date commitments are fully utilized, (ii) the date of the fourth borrowing, or (iii) December 31, 2026. Proceeds may be used for general corporate purposes. Loans bear interest at either a base rate or Adjusted Term SOFR plus 0.80% per annum, at the Company's election. The facility matures 364 days after the effective date. The administrative agent is Mizuho Bank, Ltd., with U.S. Bank National Association as syndication agent; Regions Bank and The Toronto-Dominion Bank, New York Branch serve as co-documentation agents, and Bank of America, N.A. and Commerce Bank serve as co-managing agents.
  https://www.sec.gov/Archives/edgar/data/1126956/0001193125-26-378491.txt

## Citations
- 0001193125-26-378491 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526378491