Spire Inc. Prices $200 Million Junior Subordinated Notes Offering
SR sits 26% above its 52-week low of $65.15.
Summary
Spire Inc. announced the pricing of a $200 million offering of 6.375% Junior Subordinated Notes due 2086, a significant capital raise to bolster its financial position.
Key Events · Financing and Capital Events · SR
-
Offering Priced
Spire Inc. priced $200,000,000 aggregate principal amount of 6.375% Junior Subordinated Notes due 2086.
-
Maturity and Coupon
The notes mature on March 1, 2086, and carry a coupon rate of 6.375%, with interest payable quarterly.
-
Financial Flexibility
The notes include an optional deferral feature, allowing interest payments to be deferred for up to 40 consecutive quarters, with deferred interest accruing.
-
Underwriters' Option
The underwriters have an option to purchase up to an additional $30,000,000 aggregate principal amount of notes.
Analysis · SR · Energy & Transportation
This offering provides Spire Inc. with substantial capital, enhancing its financial flexibility and supporting general corporate purposes or investments. While increasing the company's leverage and future interest obligations, the junior subordinated nature and optional interest deferral feature offer some flexibility in managing its capital structure. This move is important for the company's long-term funding strategy.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.8% of the 1640 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.58%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SR was trading at $82.21 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $65.15 to $91.11. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.