Evergy’s $1.6 Billion Senior Notes Offering

Hunton Andrews Kurth LLP advised Evergy, Inc. on the deal. Bracewell LLP represented the underwriters, BofA Merrill Lynch, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities, in the public offering.

Evergy, Inc. offered $1,600,000,000 aggregate principal amount of Notes in two separate series: $800,000,000 aggregate principal amount of 2.45% Notes due 2024 and $800,000,000 aggregate principal amount of 2.90% Notes due 2029. The per annum interest rate on the 2024 Notes will be 2.45% and the per annum interest rate on the 2029 Notes will be 2.90%.

BofA Merrill Lynch, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities acted as joint book-running managers for the offering.

Evergy intends to use the net proceeds of the offering to repay a term loan and repurchase shares of its common stock under its ongoing share repurchase program and for general corporate purposes.

Evergy, a Missouri corporation, is a public utility holding company incorporated in 2017 and headquartered in Kansas City, Missouri. Evergy was formed in connection with the merger of Great Plains Energy and Westar Energy, completed in June 2018.

Hunton Andrews Kurth advised Evergy with a team including Peter K. O’Brien (Picture), Christina Kwonand Brendan P. Harney. Robert McNamara provided tax advice.

Bracewell represented the underwriters with a team led by partner Todd W. Eckland and associate Charlotte Keenan.

Involved fees earner: Todd Eckland – Bracewell; Charlotte Keenan – Bracewell; Brendan Harney – Hunton Andrew Kurth; Christina Kwon – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Peter O’Brien – Hunton Andrew Kurth;

Law Firms: Bracewell; Hunton Andrew Kurth;

Clients: Bank of America Merrill Lynch; Citigroup Inc.; Evergy, Inc.; J.P. Morgan Securities LLC; MUFG; Wells Fargo Securities;