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Westar Energy amends $270M credit facility to extend maturity

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Westar Energy amends $270M credit facility to extend maturity

Westar Energy Inc. amended its $270 million revolving credit facility to extend the maturity by one year to Feb. 18, 2018.

The company also has the option, subject to lender participation, to extend the facility's maturity by an additional year, according to a Form 8-K filed Dec. 20.

Westar also amended the $270 million facility and its $730 million revolving credit facility to add certain standard market features including provisions to address negative interest rates and recent regulatory developments.

Lenders for both facilities have consented to the company's proposed merger with Great Plains Energy Inc. and have agreed to technical changes that would be required following its completion.