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.
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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").
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