Evergy, Inc. (EVRG, Financial) has announced a significant financial development with its subsidiary, Evergy Kansas Central, issuing a total of $600 million in bonds and notes. This strategic move, reported on March 13, 2025, involves the issuance of $300 million in First Mortgage Bonds with a 5.25% interest rate due in 2035, and $300 million in Notes with a 4.70% interest rate due in 2028.
The issuance was conducted under an Underwriting Agreement dated March 6, 2025, involving several prominent financial institutions, including MUFG Securities Americas Inc., PNC Capital Markets LLC, Regions Securities LLC, TD Securities (USA) LLC, Truist Securities, Inc., and U.S. Bancorp Investments, Inc. These financial instruments were registered under the Securities Act of 1933, as amended, through a shelf registration statement on Form S-3.
This financial maneuver is part of Evergy Kansas Central's ongoing efforts to optimize its capital structure and secure favorable financing terms. The proceeds from these issuances are expected to support the company's strategic initiatives and enhance its financial flexibility.
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