Spire enters USD 400 million delayed-draw term loan agreement led by Mizuho Bank
SR•Delayed-draw term loan agreement
- Spire entered a delayed draw term loan agreement on Aug. 31, 2026 for USD 400 million of senior unsecured commitments.
- The facility allows up to four borrowings through the earliest of full draw, the fourth borrowing, or Dec. 31, 2026.
- Pricing is set at base rate or adjusted term SOFR plus a 0.80% margin; maturity is 364 days from the effective date.
- Proceeds are earmarked for general corporate purposes; the covenant requires a consolidated capitalization ratio of no more than 70% each quarter.
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