Spire signs $400 million delayed draw term loan agreement with Mizuho and U.S. Bank
On August 31, 2026, Spire Inc. entered into a $400 million delayed draw senior unsecured term loan agreement with a group of banks led by Mizuho Bank and U.S. Bank. The company may request up to four borrowings for general corporate purposes until the earliest of full utilization, the fourth borrowing, or December 31, 2026, which gives it committed borrowing capacity but does not by itself state any amount drawn.
Key points
- Facility size: $400 million of senior unsecured term loan commitments
- Borrowing window ends on the earliest of full utilization, the fourth borrowing, or December 31, 2026
- Interest at a base rate or Adjusted Term SOFR plus 0.80% per annum; loans mature 364 days after the effective date
- Requires a consolidated capitalization ratio of no more than 70% at each fiscal quarter end
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 01, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.