Loan & DebtJul 1, 2026, 04:22 PM
Evergy Secures New $3.5B Credit Facility, Replaces Older Debt
AI Summary
Evergy, Inc. and its subsidiaries, Evergy Missouri West, Evergy Metro, and Evergy Kansas Central, have secured a new $3.5 billion Credit Facility maturing on June 30, 2031. This new facility replaces and terminates two existing credit agreements: a $2.5 billion facility that was due to mature in August 2028, and a $1 billion delayed draw term loan. The company incurred no early termination penalties for the previous agreements, enhancing its financial flexibility with a larger and longer-term credit line.
Key Highlights
- Evergy and its subsidiaries entered into a new $3.5 billion Credit Facility.
- The new Credit Facility matures on June 30, 2031.
- Borrowers can increase commitments by up to an additional $1 billion.
- The previous $2.5 billion Amended and Restated Credit Agreement was terminated.
- The $1 billion Delayed Draw Term Loan Credit Agreement was also terminated.
- No early termination penalties were incurred for the terminated agreements.
- The Credit Facility includes financial covenants for debt to total capitalization ratios.
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