01—Abstract
Summary
Summary of the 8-K filed March 13, 2025. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. and its subsidiary Evergy Kansas Central, Inc. ('Evergy Kansas Central') filed this combined Current Report on Form 8-K to disclose debt issuances completed on March 13, 2025.
Under an Underwriting Agreement dated March 6, 2025, Evergy Kansas Central issued $300,000,000a aggregate principal amount of First Mortgage Bonds, 5.25% Series due 2035. On the same date, it also issued $300,000,000 aggregate principal amount of 4.70% Notes due 2028 under a separate Underwriting Agreement with the same group of underwriters. Both securities were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (File No. 333-281614-02) filed by Evergy Kansas Central.
The filing states that Evergy Kansas Central entered into several related agreements and instruments in connection with the sales, which are filed as exhibits and incorporated by reference into the registration statement. The exhibits include the underwriting agreements, supplemental indentures with The Bank of New York Mellon Trust Company, N.A. as trustee, legal opinions on the validity of the bonds and notes, consents, and the Inline XBRL cover page file. The filing does not disclose use of proceeds or other terms beyond the principal amounts, rates, and maturities.
02—Key points
Key Highlights
- Evergy Kansas Central issued $300,000,000 of First Mortgage Bonds, 5.25% Series due 2035, on March 13, 2025.
- Evergy Kansas Central also issued $300,000,000 of 4.70% Notes due 2028 on March 13, 2025.
- Both issuances were priced under Underwriting Agreements dated March 6, 2025, with MUFG Securities Americas Inc., PNC Capital Markets LLC, Regions Securities LLC, TD Securities (USA) LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. as representatives of the underwriters.
- Both securities were registered under the Securities Act of 1933 via Evergy Kansas Central's Form S-3 shelf registration statement (File No. 333-281614-02).
- The Mortgage Bonds were issued under a Fifty-Third Supplemental Indenture dated March 13, 2025, and the Notes under a First Supplemental Indenture of the same date, both with The Bank of New York Mellon Trust Company, N.A. as trustee.
- The filing is a combined report for Evergy, Inc. and Evergy Kansas Central, Inc., with each registrant reporting solely on its own behalf.
03—Questions
Frequently Asked Questions
What debt securities did Evergy Kansas Central issue?
Evergy Kansas Central issued $300,000,000 aggregate principal amount of First Mortgage Bonds, 5.25% Series due 2035, and $300,000,000 aggregate principal amount of 4.70% Notes due 2028, both on March 13, 2025.
When were the underwriting agreements for these offerings signed?
Both underwriting agreements are dated March 6, 2025, one week before the securities were issued on March 13, 2025.
Under what registration were the securities sold?
Both the Mortgage Bonds and the Notes were registered under the Securities Act of 1933 pursuant to a Form S-3 shelf registration statement (File No. 333-281614-02) of Evergy Kansas Central.
Who is the trustee for these bonds and notes?
The Bank of New York Mellon Trust Company, N.A. is the trustee under the Fifty-Third Supplemental Indenture for the Mortgage Bonds and the First Supplemental Indenture for the Notes, both dated March 13, 2025.
Which entity is responsible for the securities, and does this filing cover Evergy, Inc. as well?
Evergy Kansas Central, Inc. issued the securities. The filing is a combined report for Evergy, Inc. and Evergy Kansas Central, Inc., but each registrant files information relating only to itself and makes no representation about information relating exclusively to the other.
04—Continue