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Westar to redeem 6.8% notes
New York, April 7 - Westar Energy Inc. said it will redeem its $26.851 million principal amount of 6.8% senior notes due 2018 on May 7.
The Topeka, Kan., electric utility will pay par plus accrued interest.
Funding will come from Westar's available cash.
On March 31 Westar said that it will redeem $127 million principal amount of its 9¾% senior notes due 2007 on April 30 at a price of 109.75%.
And on March 17 Westar said it would redeem all the $100 million of outstanding 7 7/8% cumulative quarterly income preferred securities, series A, issued by Westar Resources Capital I.
The company said the Quips would be redeemed on April 16 at par of $25 plus accrued distributions of $0.0820313, with available cash being used to fund the redemption.
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