Akin Gump Advises Spire Inc. in $160 Million Public Offering

(New York) – On February 18, Spire Inc. completed the public offering of 3.5 million equity units initially consisting of corporate units (including 300,000 corporate units sold to the underwriters pursuant to the full exercise of their overallotment option), at a price of $50 per unit, for gross proceeds of $175 million and net proceeds of approximately $168.5 million. A team from Akin Gump advised Spire in the transaction.

Spire, a St. Louis-based natural gas service provider, says it intends to use the net proceeds from the offering for general corporate purposes and to repay short-term indebtedness outstanding under its commercial paper program.

The Akin Gump team advising Spire was led by corporate partner Lucas Torres. He was joined by corporate partner Jesse Brush, senior counsel Michael Miller, counsel Yehuda Raskin and associates John Hill and Alexander France; tax senior counsel Chris Harvey and Louis Zivot; and financial restructuring senior counsel David Staber.  

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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