Evergy announces $1.1B convertible notes offering due 2027, proceeds for repayment

Evergy, Inc.

Private placement of $1.1B convertible notes due Dec 15, 2027; option for additional $200M.
Proceeds to repay $500M term loan due 2024, reduce commercial paper, and general corporate purposes.
Notes are senior unsecured; conversion settled in cash up to principal, then cash/shares at Evergy's election.
Second Amendment to Term Loan Agreement clarifies convertible note conversion does not trigger default.

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