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Evergy secures $1B term loan facility

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Evergy secures $1B term loan facility

Evergy Inc. secured a $1.0 billion unsecured term loan agreement that will expire in September.

The company plans to use the borrowings under the facility for working capital and other general corporate purposes, including repurchasing its common stock, according to a company filing.

Wells Fargo Bank NA served as administrative agent for the transaction. Wells Fargo Securities LLC, Citigroup Global Markets Inc., JPMorgan Chase Bank NA, Merrill Lynch Pierce Fenner & Smith Inc., and MUFG Bank Ltd. are the joint lead arrangers and joint book runners.