Kansas City Power & Light plans to price fixed-rate notes

By Devika Patel

Knoxville, Tenn., Feb. 26 – Kansas City Power & Light Co. is selling fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds will have a make-whole call and then a par call.

BofA Merrill Lynch, J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities LLC are the bookrunners. MFR Securities, Inc. and Williams Capital Group LP are the co-managers.

Proceeds will be used to repay at maturity $350 million of the company’s 6.375% notes due 2018.

The electric utility is based in Kansas City, Mo.

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