© Reuters.
Spire Inc. (NYSE: NYSE:) has launched a public offering of $300 million Senior Notes due 2026. The company revealed on Monday that $125 million of these notes are being sold directly by Spire, while $175 million are on offer from certain selling securityholders.
The proceeds from Spire’s sale portion are earmarked for the repayment of existing debt and various general corporate purposes. However, Spire will not be receiving proceeds from the securities sold by the selling securityholders.
Wells Fargo Securities, Mizuho, and Morgan Stanley are the joint book-running managers for this transaction.
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This story originally appeared on Investing
