2023-12-04 07:04:25 ET
- Evergy ( NASDAQ: EVRG ) has announced its intention to offer $1.1B aggregate principal amount of its convertible notes due December 15, 2027 in a private placement.
- Underwriters have granted an option to purchase, within a 13-day period beginning on, and including, the initial closing date of the offering, up to an additional $200M aggregate principal amount of the notes.
- Net proceeds will be used to repay the $500 million outstanding under the Company’s unsecured term loan facility due 2024, to repay a portion of its commercial paper borrowings and for general corporate purposes.
- The Notes will be senior unsecured obligations of the Company.
- Source: Press Release
For further details see:
Evergy announces proposed offering of convertible notes due 2027