Hunton Andrews Kurth Advises on Evergy, Inc.’ s Inaugural Offering of $1.6 Billion of Notes

Time 2 Minute Read
September 9, 2019
News

Hunton Andrews Kurth LLP advised Evergy, Inc. (Evergy) in connection with its offering of $800 million aggregate principal amount of 2.45% Notes due 2024 and $800 million aggregate principal amount of 2.45% Notes due 2029.

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 Incorporated and Westar Energy, Inc. that was completed in June 2018. Evergy operates primarily through the following wholly-owned direct subsidiaries: (i) Westar Energy, Inc. is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Westar Energy has one active wholly-owned subsidiary with significant operations, Kansas Gas and Electric Company; (ii) Kansas City Power & Light Company is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas; (iii) KCP&L Greater Missouri Operations Company is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri; and (iv) GPE Transmission Holding Company, LLC (GPETHC) owns 13.5% of Transource Energy, LLC (Transource) with the remaining 86.5% owned by AEP Transmission Holding Company, LLC, a subsidiary of American Electric Power Company, Inc. Transource is focused on the development of competitive electric transmission projects. GPETHC accounts for its investment in Transource under the equity method.

The Hunton Andrews Kurth team included Peter K. O’Brien, Christina Kwon and Brendan P. Harney. Robert McNamara provided tax advice.

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