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KCP&L secures $1.9B of notes with lien of mortgage indenture

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KCP&L secures $1.9B of notes with lien of mortgage indenture

Kansas City Power & Light Co., a subsidiary of Evergy Inc., announced March 14 that it secured all of its outstanding unsecured notes with the lien of its general mortgage indenture.

As a result, the formerly unsecured notes will rank equally and ratably with all of KCP&L's general mortgage bonds.

The previously outstanding unsecured and now secured notes comprises $300 million of 3.15% notes due 2023; $350 million of 3.65% notes due 2025; $250 million of 6.05% notes due 2035; $400 million of 5.30% notes due 2041; $300 million of 4.20% notes due 2047; and $300 million of 4.20% notes due 2048.