01—Abstract
Summary
Summary of the 8-K filed August 15, 2025. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. and its subsidiary Evergy Metro, Inc. (“Evergy Metro”) filed this combined Current Report on Form 8-K to disclose the issuance of debt.
On August 15, 2025, Evergy Metro issued $400,000,000a aggregate principal amount of its 5.125% Mortgage Bonds, Series 2025 due 2035, under an Underwriting Agreement dated August 11, 2025 with BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as representatives of the several underwriters. The bonds were registered under the Securities Act of 1933 pursuant to a shelf registration statement on Form S-3 (333-281614-01) filed by Evergy Metro.
In connection with the sale, Evergy Metro entered into several agreements, including the underwriting agreement, a Twenty-second Supplemental Indenture with UMB Bank, N.A. as trustee, and a legal opinion from its General Counsel, Heather A. Humphrey, which are filed as exhibits and incorporated by reference into the registration statement.
For investors, the filing's core information is a $400 millionb long-term debt issuance by the utility subsidiary at a 5.125% coupon with a 2035 maturity. The filing does not discuss use of proceeds, pricing terms beyond the coupon, or the company's financial results.
02—Key points
Key Highlights
- Evergy Metro issued $400,000,000 of 5.125% Mortgage Bonds, Series 2025, due 2035, on August 15, 2025.
- The bonds were sold under an Underwriting Agreement dated August 11, 2025, with BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC as representatives of the underwriters.
- The offering was registered under Form S-3 shelf registration statement (333-281614-01) filed by Evergy Metro.
- The issuance is governed by a Twenty-second Supplemental Indenture dated August 15, 2025, with UMB Bank, N.A. as trustee.
- Heather A. Humphrey, Senior Vice President, General Counsel and Corporate Secretary, issued a legal opinion dated August 15, 2025, covering the bonds.
- This is a combined filing by Evergy, Inc. and Evergy Metro, Inc.; each registrant reports solely on its own behalf.
03—Questions
Frequently Asked Questions
How much debt did Evergy Metro issue and on what terms?
Evergy Metro issued $400,000,000 aggregate principal amount of 5.125% Mortgage Bonds, Series 2025, due 2035, on August 15, 2025.
Under what agreement were the bonds sold?
The bonds were sold under an Underwriting Agreement dated August 11, 2025, among Evergy Metro and the underwriters' representatives: BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.
How were the bonds registered for sale?
The bonds were registered under the Securities Act of 1933 pursuant to a Form S-3 shelf registration statement (333-281614-01) filed by Evergy Metro.
Who is the trustee for the mortgage bonds?
UMB Bank, N.A. (formerly United Missouri Bank of Kansas City, N.A.) is trustee under the Twenty-second Supplemental Indenture dated August 15, 2025.
Does this filing disclose the use of proceeds or financial results?
No. The filing covers only the bond issuance and related agreements and exhibits; it does not discuss use of proceeds or Evergy's financial results.
04—Continue