trending Market Intelligence /marketintelligence/en/news-insights/trending/8w3eg0szcoswqd3jp26l3q2 content esgSubNav
In This List

Kansas City Power & Light sells $300M of senior notes

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Kansas City Power & Light sells $300M of senior notes

Kansas City Power & Light Co. sold $300 million of its 4.2% senior unsecured notes due March 15, 2048, according to a free writing prospectus.

Interest on the notes is payable semiannually on March 15 and Sept. 15 of each year, starting Sept. 15. The notes have a spread to benchmark Treasury of 105 basis points and were expected to be rated Baa1 by Moody's and BBB+ by S&P Global Ratings.

The Great Plains Energy Inc. subsidiary plans to use net proceeds to repay at maturity $350 million of its outstanding 6.375% notes due 2018.

J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc., MUFG Securities Americas Inc. and Wells Fargo Securities LLC acted as joint book-running managers.

MFR Securities Inc. and The Williams Capital Group LP served as co-managers.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.