news 5 days ago

Kansas City Power & Light Secures Debt

The Associated Press

KANSAS CITY, Mo.--(BUSINESS WIRE)--Mar 14, 2019--Kansas City Power & Light Company (KCP&L), a wholly-owned subsidiary of Evergy, Inc. (NYSE: EVRG), today announced that it has secured all of its outstanding unsecured notes with the lien of KCP&L’s general mortgage indenture. As a result, all of KCP&L’s previously unsecured notes will rank equally and ratably with all of KCP&L’s general mortgage bonds.

The terms of the previously unsecured notes otherwise remain unchanged. Set forth below are KCP&L’s unsecured notes that are now secured:

  • 3.15% Notes due 2023 (CUSIP: 485134 BN9)
  • 3.65% Notes due 2025 (CUSIP: 485134 BP4)
  • 6.05% Senior Notes due 2035 (CUSIP: 485134 BH2)
  • 5.30% Notes due 2041 (CUSIP: 485134 BM1)
  • 4.20% Notes due 2047 (CUSIP: 485134 BQ2)
  • 4.20% Notes due 2048 (CUSIP: 485134 BR0)

About KCP&L and Westar Energy

Serving approximately 1.6 million customers in Kansas and Missouri, Kansas City Power & Light Company (KCP&L), KCP&L Greater Missouri Operations Company and Westar Energy are the electric utilities of Evergy, Inc. (NYSE: EVRG). Together we generate nearly half the power we provide to homes and businesses with emission-free sources. We support our local communities where we live and work, and strive to meet the needs of customers through energy savings and innovative solutions.

For more information about Evergy, visit us at www.evergyinc.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005899/en/

CONTACT: Investor Contact:

Cody VandeVelde

Director, Investor Relations

Phone: 785-575-8227

Cody.VandeVelde@evergyinc.com

Media Contact:

Gina Penzig

Manager, Media Relations

Phone: 785-575-8089

Gina.Penzig@westarenergy.com

Media line: 888-613-0003

KEYWORD: UNITED STATES NORTH AMERICA KANSAS MISSOURI

INDUSTRY KEYWORD: ENERGY UTILITIES

SOURCE: Kansas City Power & Light / Evergy

Copyright Business Wire 2019.

PUB: 03/14/2019 05:07 PM/DISC: 03/14/2019 05:07 PM

http://www.businesswire.com/news/home/20190314005899/en