Chicago, March 8 – Evergy Missouri West Inc., wholly owned subsidiary of Evergy, Inc., issued first mortgage bonds (A3/A) on Friday, according to an 8-K filing with the Securities and Exchange Commission.
The first three notes were issued under a note purchase agreement with several purchasers from Aug. 16, 2013 and the last three notes were issued under a note purchase agreement dated April 20, 2021 with several purchasers.
The transaction transforms regular notes into bonds that are secured by a mortgage on all of the issuer’s present properties and certain after-acquired properties.
The company has issued $125 million of 3.49% bonds due 2025, $75 million of 4.06% bonds due 2033 and $150 million of 4.74% first mortgage bonds due 2043 under the first note purchase agreement.
Under the second note purchase agreement, Evergy issued $350 million of bonds due 2031, $75 million of 3.01% bonds due 2033 and $75 million of 3.21% bonds due 2036.
Evergy is an electric utility based in Kansas City, Mo.
| Issuer: | Evergy Missouri West Inc.
|
| Amount: | $850 million
|
| Issue: | First mortgage bonds
|
| Trustee: | UMB Bank, NA
|
| Trade date: | March 1
|
| Settlement date: | March 4
|
| Ratings: | Moody’s: A3
|
| S&P: A
|
|
|
| 2025
|
| Amount: | $125 million
|
| Maturity: | 2025
|
| Coupon: | 3.49%
|
|
|
| 2033
|
| Amount: | $75 million
|
| Maturity: | 2033
|
| Coupon: | 4.06%
|
|
|
| 2043
|
| Amount: | $150 million
|
| Maturity: | 2043
|
| Coupon: | 4.74%
|
|
|
| 2031
|
| Amount: | $350 million
|
| Maturity: | 2031
|
| Coupon: | 2.86%
|
|
|
| 2033
|
| Amount: | $75 million
|
| Maturity: | 2033
|
| Coupon: | 3.01%
|
|
|
| 2036
|
| Amount: | $75 million
|
| Maturity: | 2036
|
| Coupon: | 3.21%
|
|
|
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