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8-K filed February 27, 2023, 6:59 PM ET ticker EVRG CIK 0001711269
debt confidence high sentiment neutral materiality 0.45

Evergy, Inc. (EVRG): debt financing — Evergy extends $500M term loan maturity to Feb 2024, adjusts pricing

Evergy, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Evergy, Inc. amended term loan of $500 million with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto at increased the applicable margin for SOFR loans to 1.025% per annum and for base maturing February 22, 2024.

Instrument
term loan
Principal
$500 million
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
Rate
increased the applicable margin for SOFR loans to 1.025% per annum and for base
Maturity
February 22, 2024
Event
amendment
Exact text from the filing
On February 23, 2023, Evergy, Inc. (“Evergy”), Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto entered into a First Amendment to Term Loan Credit Agreement (the “First Amendment”), amending Evergy’s $500 million unsecured Term Loan Credit Agreement dated as of February 25, 2022 (the “Term Loan Facility”). The First Amendment extended the maturity date of the Term Loan Facility from February 24, 2023 to February 22, 2024. Additionally, the First Amendment increased the applicable margin for SOFR loans to 1.025% per annum and for base rate loans to 0.025% per annum and added a 10 bps credit spread adjustment to all SOFR loans.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Evergy, Inc. amended First Amendment to Term Loan Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-02-23).

Action
amendment
Agreement
credit facility
Counterparty
Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto
Effective
2023-02-23
Exact text from the filing
On February 23, 2023, Evergy, Inc. ("Evergy"), Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto entered into a First Amendment to Term Loan Credit Agreement (the "First Amendment"), amending Evergy's $500 million unsecured Term Loan Credit Agreement dated as of February 25, 2022 (the "Term Loan Facility").
View on SEC.gov

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Evergy, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-050783
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