Evergy amends $2.5B credit facility; extends maturity to Aug 2027, transitions to SOFR

Evergy, Inc.

Borrowers extended maturity of $2.5B revolving credit facility from Aug 2026 to Aug 2027 for extending lenders.
Credit facility benchmark rate updated to Term SOFR with a 10 bps credit spread adjustment.
Number of available maturity extension requests reset to two under the amended facility.
All other material terms and conditions of the credit facility remain unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Evergy, Inc. amended First Amendment to Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent (effective 2023-06-02).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as Administrative Agent
Effective: 2023-06-02

Exact text from the filing

On June 2, 2023, Evergy, Evergy Missouri West, Inc., a subsidiary of Evergy, Evergy Metro and Evergy Kansas Central (each a “Borrower” and collectively, the “Borrowers”) entered into a First Amendment to Amended and Restated Credit Agreement (the “First Amendment”) amending the Borrowers’ existing $2.5 billion Amended and Restated Credit Agreement, dated as of August 31, 2021

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Evergy, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-159868

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