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Kansas City Power & Light to price new fixed-rate mortgage bonds
By Cristal Cody
Tupelo, Miss., March 18 – Kansas City Power & Light Co. is offering series 2019 fixed-rate mortgage bonds, according to a 424B5 filing with the Securities and Exchange Commission on Monday.
BNP Paribas Securities Corp., BNY Mellon Capital Markets, LLC, PNC Capital Markets LLC and SunTrust Robinson Humphrey Inc. are the bookrunners.
The co-managers are UMB Financial Services, Inc., MFR Securities, Inc. and Williams Capital Group, LP.
The bonds will have make-whole and par calls.
Proceeds will be used to repay at maturity the company’s $400 million of 7.15% series 2009A mortgage bonds due 2019.
The electric utility is based in Kansas City, Mo.
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