01—Abstract
Summary
Summary of the 8-K filed August 24, 2026. Cited figures are marked; the original filing is the authoritative source.
Evergy, Inc. reported on Form 8-K that on August 24, 2026 it terminated its $500 milliona Term Loan Credit Agreement, dated February 11, 2026, with Wells Fargo Bank, N.A., as administrative agent.
The loan was scheduled to mature February 10, 2027, and the Company states it incurred no early termination penalties. The same day, Evergy issued $600,000,000b in aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The offering was made under an Underwriting Agreement dated August 17, 2026 with BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as representatives of the underwriters.
The Notes were registered under a Form S-3 shelf registration statement filed August 16, 2024 (File No. 333-281614). The filing also includes Supplemental Indenture No. 5, dated August 24, 2026, to the Subordinated Indenture dated May 18, 2009 with The Bank of New York Mellon Trust Company, N.A., as trustee, along with legal opinions from Hunton Andrews Kurth LLP on the validity of the Notes and certain tax matters, filed for incorporation into the registration statement.
02—Key points
Key Highlights
- Terminated the $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A. as administrative agent, which was scheduled to mature February 10, 2027, with no early termination penalties incurred.
- Issued $600 million of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on August 24, 2026.
- The Notes were issued under an August 17, 2026 Underwriting Agreement with BofA Securities, Goldman Sachs, Morgan Stanley, MUFG Securities Americas and Wells Fargo Securities as representatives of the underwriters.
- The offering was registered under a Form S-3 shelf registration statement filed August 16, 2024 (File No. 333-281614).
- Supplemental Indenture No. 5 to the 2009 Subordinated Indenture with The Bank of New York Mellon Trust Company, N.A., as trustee, was executed in connection with the Notes.
- Hunton Andrews Kurth LLP provided legal opinions on the validity of the Notes (Exhibit 5.1) and on certain tax matters (Exhibit 8.1).
03—Questions
Frequently Asked Questions
What did Evergy do with its term loan facility?
Evergy terminated its $500 million Term Loan Credit Agreement, dated February 11, 2026, with Wells Fargo Bank, N.A. as administrative agent. The facility was due to mature February 10, 2027, and the Company states it incurred no early termination penalties.
What securities did Evergy issue, and how much did it raise?
Evergy issued $600,000,000 in aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on August 24, 2026.
Under what registration were the Notes sold?
The Notes were registered under a Form S-3 registration statement filed with the SEC on August 16, 2024 (File No. 333-281614).
Who underwrote the Notes?
The Notes were sold under an Underwriting Agreement dated August 17, 2026 with BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters.
What governs the terms of the Notes?
The Notes are governed by 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, as supplemented by Supplemental Indenture No. 5 dated August 24, 2026.
04—Continue