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Westar Energy again extends maturity of $270M credit facility

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Westar Energy again extends maturity of $270M credit facility

Westar Energy Inc. has again amended $270 million revolving credit facility to extend the maturity by one year to Feb. 18, 2019.

The company also amended its $730 million revolving credit facility. Borrowings under the both facilities are secured by Kansas Gas and Electric Co.'s first mortgage bonds, according to a Form 8-K filed Dec. 14.

Lenders for both facilities consented to Westar Energy's pending merger with Great Plains Energy Inc. and agreed to technical changes that would be required following the closing of the merger.

The transaction, which was recently approved by shareholders of Westar Energy and Great Plains Energy, is expected to close in the first half of 2018.