WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other Events

ME Staff 8-k
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WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other Events
Item 8.01. Other Events

On December 14, 2017, we amended our $270 million revolving credit facility, dated February 18, 2011 and as amended from time to time, and our $730 million revolving credit facility, dated September 29, 2011 and as amended from time to time. The amendment to the $270 million revolving credit facility extended the maturity of the facility to February 18, 2019.

In addition, to these amendments, the lenders in each credit facility consented to our pending merger with Great Plains Energy Incorporated, and agreed to technical changes that would be required following the closing of the merger.

All borrowings under both revolving credit facilities are secured by first mortgage bonds of Kansas Gas and Electric Company, our wholly-owned subsidiary.

The foregoing description of the amendments is not complete and is qualified in its entirety by reference to the amendments, which are attached hereto as Exhibit 10.1 and Exhibit 10.2.

Item 9.01. Financial Statements and Exhibits

Exhibit 10.1Second Amendment to Credit Agreement, dated December 14, 2017, by and among Westar Energy, Inc. and the several banks and other financial institutions or entities from time to time parties thereto
Exhibit 10.2Second Amendment Agreement, dated December 14, 2017, by and among Westar Energy, Inc. and the several banks and other financial institutions or entities from time to time parties thereto


WESTAR ENERGY INC /KS Exhibit
EX-10.1 2 a20171214-ex101xsecondamen.htm EXHIBIT 10.1 Exhibit Execution VersionSECOND AMENDMENT TO CREDIT AGREEMENT This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”),…
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About WESTAR ENERGY, INC. (NYSE:WR)

Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 700,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. It supplies electric energy at retail to customers in Kansas. It also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Company classifies it customers as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.