Spire, Spire Missouri and Spire Alabama have a syndicated revolving credit facility pursuant to a loan agreement with 11 banks, expiring October 31, 2023. The loan agreement has an aggregate credit commitment of $975.0, including sublimits of $300.0 for Spire, $475.0 for Spire Missouri and $200.0 for Spire Alabama. These sublimits may be reallocated from time to time among the three borrowers within the $975.0 aggregate commitment, with commitment fees applied for each borrower relative to its credit rating. Spire may use its line to provide for the funding needs of various subsidiaries. The agreement also contains financial covenants limiting each borrower’s consolidated total debt, including short-term debt, to no more than 70% of its total capitalization. As defined in the line of credit, on September 30, 2019, total debt was 53% of total capitalization for the consolidated Company, 50% for Spire Missouri and 40% for Spire Alabama. There were no borrowings against this credit facility as of September 30, 2019 and 2018.

Spire has a commercial paper program (“CP Program”) pursuant to which it may issue short-term, unsecured commercial paper notes. Amounts available under the CP Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the notes outstanding under the CP Program at any time not to exceed $975.0. The notes may have maturities of up to 365 days from date of issue.

Information about Spire’s consolidated short-term borrowings and about Spire Missouri’s and Spire Alabama’s borrowings from Spire is presented in the following table. As of September 30, 2019, $529.9 of Spire’s short-term borrowings were used to support lending to the Utilities.

	Spire Commercial Paper Borrowings					Spire Missouri Borrowings from Spire					Spire Alabama Borrowings from Spire
Year Ended September 30, 2019
Weighted average borrowings outstanding	$574.5					$296.2					$100.5
Weighted average interest rate	2.7%					2.7%					2.7%
Range of borrowings outstanding	$	363.0	-	$	777.6	$	178.4	-	$	404.9	$	43.8	-	$	169.2
As of September 30, 2019
Borrowings outstanding	$743.2					$386.4					$128.7
Weighted average interest rate	2.3%					2.3%					2.3%
As of September 30, 2018
Borrowings outstanding	$553.6					$345.3					$142.5
Weighted average interest rate	2.4%					2.3%					2.3%