Spire Inc. (NYSE: SR) amends loan agreement and extends maturity to 2030

Rhea-AI Filing Summary

Spire Inc., along with subsidiaries Spire Missouri Inc., Spire Alabama Inc. and Spire Tennessee Inc., entered into a First Amendment to their Second Amended and Restated Loan Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lender banks. The amendment adds Spire Tennessee as a borrower under the Loan Agreement and extends the Final Maturity Date to October 11, 2030.

The borrowers and their affiliates maintain customary banking relationships with the banks under the Loan Agreement for various financial services, which are not material individually or in the aggregate. Spire, Spire Missouri and Spire Alabama have paid arrangement and extension fees as described in a Fee Letter dated December 4, 2025. The amendment is also reported as creating a direct financial obligation under Item 2.03.

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Corporate finance analyst

Spire amends a key loan agreement, adds a new borrower and pushes final maturity to 2030.

Spire Inc. and its utility subsidiaries have amended their Second Amended and Restated Loan Agreement with Wells Fargo Bank, National Association and other banks. The First Amendment adds Spire Tennessee Inc. as a borrower and extends the Loan Agreement’s Final Maturity Date to October 11, 2030, clarifying the long-term availability of this debt arrangement.

The text notes that Spire and its affiliates use the banks for customary services like commercial paper dealer roles, pension fund trustee work, cash management, investment banking and lockbox services, and that these relationships are not material individually or in total. It also discloses that Spire, Spire Missouri and Spire Alabama have paid arrangement and extension fees under a Fee Letter dated December 4, 2025, indicating standard costs associated with modifying the loan terms.

The filing also characterizes the amendment as the creation of a direct financial obligation under Item 2.03, tying the new terms back to required disclosure standards. Future company filings may provide more detail on how this long-dated loan structure fits within Spire’s broader funding mix and capital plans.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 18, 2025

Commission File Number		Name of Registrant, Address of Principal Executive Offices and Telephone Number		State of Incorporation		IRS Employer Identification No.
1-16681		Spire Inc. 700 Market Street St. Louis, MO 63101 314-342-0500		Missouri		74-2976504
1-1822		Spire Missouri Inc. 700 Market Street St. Louis, MO 63101 314-342-0500		Missouri		43-0368139
2-38960		Spire Alabama Inc. 605 Richard Arrington Blvd N Birmingham, AL 35203 205-326-8100		Alabama		63-0022000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock $1.00 par value		SR		New York Stock Exchange LLC
Depositary Shares, each representing a 1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share		SR.PRA		New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On December 18, 2025, Spire Inc. (“Spire”), Spire Missouri Inc. (“Spire Missouri”), Spire Alabama Inc. (“Spire Alabama”) and Spire Tennessee Inc. (“Spire Tennessee” and, together with Spire, Spire Missouri and Spire Alabama, each, a “Borrower” and, collectively, the “Borrowers”) entered into a First Amendment to Second Amended and Restated Loan Agreement among the Borrowers, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks (the “First Amendment”) which amended the Second Amended and Restated Loan Agreement, dated as of October 11, 2024, among Spire, Spire Missouri, Spire Alabama, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks (as amended by the First Amendment, the “Loan Agreement”), providing for, among other things: (i) joinder of Spire Tennessee as a Borrower under the Loan Agreement, subject to the terms therein, and (ii) extension of the Final Maturity Date to October 11, 2030.

Each Borrower and its affiliates has or may have customary banking relationships with one or more of the banks under the Loan Agreement for the provision of a variety of financial services, including commercial paper dealer, pension fund trustee, cash management, investment banking, and lockbox services, none of which are material individually or in the aggregate with respect to any individual party.

Each of Spire, Spire Missouri and Spire Alabama has paid certain arrangement and extension fees as set forth in the Fee Letter, dated as of December 4, 2025, among Spire, Spire Missouri, Spire Alabama, Wells Fargo Securities and Wells Fargo Bank, National Association.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this report:

10.1	First Amendment to Second Amended and Restated Loan Agreement, dated December 18, 2025, among Spire Inc., Spire Missouri Inc., Spire Alabama Inc., Spire Tennessee Inc., Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks.
104	Cover Page Interactive Data File (embedded with the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Spire Inc.
Date:	December 18, 2025		By:	/s/ Adam W. Woodard
				Adam W. Woodard Executive Vice President, Chief Financial Officer

			Spire Missouri Inc.
Date:	December 18, 2025		By:	/s/ Melinda S. Rush
				Melinda S. Rush Chief Financial Officer and Assistant Treasurer

			Spire Alabama Inc.
Date:	December 18, 2025		By:	/s/ Brittany B. Mathis
				Chief Financial Officer, Controller and Assistant Treasurer

FAQ

What did Spire Inc. (SR) report in this 8-K filing?

Spire Inc. reported that it and its subsidiaries Spire Missouri Inc., Spire Alabama Inc. and Spire Tennessee Inc. entered into a First Amendment to the Second Amended and Restated Loan Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lender banks.

Which Spire subsidiaries are borrowers under the amended loan agreement?

The borrowers under the amended Loan Agreement are Spire Inc., Spire Missouri Inc., Spire Alabama Inc. and Spire Tennessee Inc. The amendment specifically provides for the joinder of Spire Tennessee as a borrower, subject to the terms in the agreement.

How did the loan maturity change in Spire Inc.'s amended agreement?

The First Amendment extends the Loan Agreement’s Final Maturity Date to October 11, 2030. This replaces the prior final maturity date under the Second Amended and Restated Loan Agreement dated October 11, 2024.

Who is the administrative agent for Spire Inc.'s amended loan agreement?

Wells Fargo Bank, National Association serves as the administrative agent under the amended Loan Agreement, acting on behalf of the lender banks that are parties to the agreement.

Did Spire Inc. or its subsidiaries pay any fees related to the loan amendment?

Yes. Spire Inc., Spire Missouri Inc. and Spire Alabama Inc. have paid arrangement and extension fees as set out in a Fee Letter dated December 4, 2025 with Wells Fargo Securities and Wells Fargo Bank, National Association.

What types of relationships do Spire and its affiliates have with the banks under the loan agreement?

Spire and its affiliates have or may have customary banking relationships with one or more of the banks under the Loan Agreement, including services such as commercial paper dealer roles, pension fund trustee services, cash management, investment banking and lockbox services, none of which are material individually or in the aggregate.

Why is this loan amendment also reported under Item 2.03?

The amendment is reported under Item 2.03 because it involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement of a registrant, and the information from Item 1.01 is incorporated there by reference.