Evergy Secures $500 Million Term Loan from Wells Fargo

Reuters
Feb 12
Evergy Secures $500 Million Term Loan from <a href="https://laohu8.com/S/EOD">Wells Fargo</a>

Evergy Inc. has entered into a new $500 million unsecured Term Loan Credit Agreement with Wells Fargo Bank, National Association, acting as administrative agent, along with other lenders. The facility, which expires on February 10, 2027, will be used for working capital, capital expenditures, permitted acquisitions, and general corporate purposes, including repayment of a prior $55 million term loan from Bank of America. The new agreement includes a covenant limiting the company’s total indebtedness to 65% of total capitalization. Concurrently, Evergy terminated the previous term loan facility with Bank of America, incurring no early termination penalties.

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