01—Abstract
Summary
Summary of the 8-K filed December 5, 2024. Cited figures are marked; the original filing is the authoritative source.
On December 5, 2024, Evergy, Inc. issued $500,000,000a in aggregate principal amount of its 6.65% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
The notes were sold under an underwriting agreement dated December 2, 2024 with BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters. The notes were registered under the company's Form S-3 registration statement filed August 16, 2024 (File No. 333-281614).
The notes were issued under Supplemental Indenture No. 4, dated December 5, 2024, to the Subordinated Indenture dated May 18, 2009. The indenture runs between Evergy, Inc., as successor to Great Plains Energy Incorporated, and The Bank of New York Mellon Trust Company, N.A., as trustee.
The filing lists the underwriting agreement, supplemental indenture, form of global note, and legal opinions on the validity of the notes and on certain tax matters from Hunton Andrews Kurth LLP as exhibits. The filing is a debt issuance disclosure under Item 8.01 and does not describe the use of proceeds or any other financial results.
02—Key points
Key Highlights
- Evergy issued $500,000,000 in aggregate principal amount of 6.65% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on December 5, 2024.
- The notes were sold under an underwriting agreement dated December 2, 2024 with five representative underwriters: BofA Securities, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities.
- The notes were registered under a Form S-3 shelf registration statement filed August 16, 2024 (File No. 333-281614).
- Supplemental Indenture No. 4 to the Subordinated Indenture dated May 18, 2009 governs the notes, with The Bank of New York Mellon Trust Company, N.A. as trustee.
- Evergy, Inc. is identified as successor to Great Plains Energy Incorporated under the indenture.
- Hunton Andrews Kurth LLP provided a legal opinion on the validity of the notes (Exhibit 5.1) and a legal opinion on certain tax matters (Exhibit 8.1), both incorporated into the registration statement.
03—Questions
Frequently Asked Questions
What securities did Evergy issue?
Evergy issued $500,000,000 in aggregate principal amount of its 6.65% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
When and under what agreement were the notes sold?
The notes were issued on December 5, 2024, under an underwriting agreement dated December 2, 2024 among Evergy and the named underwriters, with BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, MUFG Securities Americas and Wells Fargo Securities acting as representatives.
How were the notes registered for sale?
The notes were registered under the Securities Act of 1933 pursuant to Evergy's Form S-3 registration statement filed with the SEC on August 16, 2024 (File No. 333-281614).
What indenture governs the notes?
The notes were issued under Supplemental Indenture No. 4, dated December 5, 2024, to the Subordinated Indenture dated May 18, 2009, between Evergy, Inc. (as successor to Great Plains Energy Incorporated) and The Bank of New York Mellon Trust Company, N.A., as trustee.
What legal opinions were filed with this 8-K?
Hunton Andrews Kurth LLP provided Exhibit 5.1, an opinion on the validity of the notes, and Exhibit 8.1, an opinion on certain tax matters. Both are incorporated by reference into the registration statement.
04—Continue