ST. LOUIS, Feb. 8, 2017 /PRNewswire/ -- Spire Inc.
(NYSE: SR) announced today that it has delivered a notice of
optional redemption to the holders of its Floating Rate Senior
Notes due 2017 (CUSIP No. 505597 AC8, ISIN US505597AC86) (the
"Floating Rate Notes"). Spire has called all of the outstanding
Floating Rate Notes for redemption on March
10, 2017 (the "Redemption Date"), at a redemption price
equal to 100 percent of the principal amount on the Redemption
Date, plus accrued and unpaid interest to, but excluding, the
Redemption Date. There are currently $250
million aggregate principal amount of the Floating Rate
Notes outstanding. Spire intends to use short-term borrowings to
fund the redemption.
This news release is not an offer to purchase, or a solicitation
of an offer to sell, the Floating Rate Notes.
About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make
people's lives better. It's a simple idea, but one that's at the
heart of our company. Every day we serve 1.7 million customers
making us the fifth largest publicly traded natural gas company in
the country. We help families and business owners fuel their daily
lives through our gas utilities — Alagasco, Laclede Gas, Missouri
Gas Energy, Mobile Gas and Willmut Gas. Our non-utility businesses,
Spire Marketing Inc. and Spire Natural Gas Fueling Solutions,
provide energy solutions to other natural gas users. We are
committed to transforming our business and pursuing growth by 1)
growing our gas utility business through prudent infrastructure
upgrades and organic growth initiatives; 2) acquiring and
integrating gas utilities; 3) modernizing our gas assets; and 4)
investing in innovation. Learn more at SpireEnergy.com.
Forward-Looking and Cautionary Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Spire's future operating results may be affected by
various uncertainties and risk factors, many of which are beyond
the Company's control, including weather conditions, economic
factors, the competitive environment, governmental and regulatory
policy and action, and risks associated with recent acquisitions.
For a more complete description of these uncertainties and risk
factors, see the Company's Annual Report on Form 10-K for the
fiscal year ended Sept. 30, 2016, and
the Company's Quarterly Report on Form 10-Q for the quarter ended
Dec. 31, 2016, each as filed with the
Securities and Exchange Commission.
Investor Contact:
Scott W. Dudley Jr.
314-342-0878
Scott.Dudley@SpireEnergy.com
Media Contact:
Jessica B. Willingham
314-342-3300
Jessica.Willingham@SpireEnergy.com
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SOURCE Spire Inc.