Spire Reports Pricing Of Public Offering Of $350M Of Its 5.300% Senior Notes Due 2026
Portfolio Pulse from Benzinga Newsdesk
Spire has announced the pricing of a public offering of $350 million of its 5.300% Senior Notes due 2026, with half of the amount being sold by Spire and the other half by certain selling securityholders.

February 05, 2024 | 10:10 pm
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Spire's public offering of $350 million in Senior Notes could impact its financial flexibility and debt profile, potentially affecting investor sentiment.
The offering of Senior Notes by Spire introduces new debt into its financial structure, which could influence its leverage and interest obligations. While this could enhance financial flexibility, it also increases the company's debt burden. The impact on the stock price is uncertain, as it depends on investor perception of the company's future cash flow and ability to manage this new debt.
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