---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-290705"
form_type: "8-K"
ticker: "EVRG"
cik: "0001711269"
company_name: "Evergy, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:17:07.559419+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Evergy issues $1.4B in 4.5% convertible notes due 2027 at 22.5% premium

## Summary
- $1.4B aggregate principal (incl. $200M overallotment) sold privately to QIBs under Rule 144A.
- Notes pay 4.5% semi-annual interest; mature Dec. 15, 2027; initial conversion price ~$61.80/share.
- Up to 27.75M shares issuable if fully converted (approx. 12% dilution); company may settle in cash or stock.
- Notes are senior unsecured, no subsidiary guarantees; no early redemption by issuer permitted.
- Proceeds expected for general corporate purposes (use not explicitly stated in filing).

## SEC filing metadata
- accession: 0001193125-23-290705
- form_type: 8-K
- ticker: EVRG
- cik: 0001711269
- company_name: Evergy, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711269/000119312523290705/0001193125-23-290705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711269/000119312523290705/d496211d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-290705
- JSON: https://secwatch.observer/filing/0001193125-23-290705.json
- Plain text: https://secwatch.observer/filing/0001193125-23-290705.txt

## Key facts
- Debt Financings
  Evergy, Inc. incurred convertible notes of $1,400,000,000 aggregate principal amount with initial purchasers at 4.50% maturing December 15, 2027.
  - Instrument: convertible notes
  - Principal: $1,400,000,000 aggregate principal amount
  - Counterparty: initial purchasers
  - Rate: 4.50%
  - Maturity: December 15, 2027
  - Event: incurrence
  source text: On December 7, 2023, Evergy, Inc. (the “Company”) completed the sale of $1,400,000,000 aggregate principal amount of 4.50% Convertible Notes due 2027 (the “Notes”), which included an additional $200,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1711269/000119312523290705/0001193125-23-290705-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.