Evergy plans two-part sale of fixed-rate notes due in 2024, 2029

By Devika Patel

Knoxville, Tenn., Sept. 5 – Evergy, Inc. expects to price fixed-rate senior notes in two tranches due in 2024 and 2029, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until one month prior to maturity for the 2024 notes and until three months prior to maturity for the 2029 notes, and then par calls after those dates.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG and Wells Fargo Securities LLC are the bookrunners.

Samuel A. Ramirez & Co. Inc. is the co-manager.

Proceeds will be to repay the company’s $1 billion unsecured term loan due Sept. 15, 2019, to repurchase common stock and for general corporate purposes.

Evergy is an electric utility based in Kansas City, Mo.

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