WESTAR ENERGY, INC. (NYSE:WR) Files An 8-K Other Events
Item8.01. Other Events
On December19, 2016, we amended our $270 million revolving credit
facility, dated February18, 2011, and our $730 million revolving
credit facility, dated September29, 2011 and as amended from time
to time. Among other changes, the amendment to the $270 million
revolving credit facility extended the maturity of the facility
by one year. As amended, the $270 million facility matures on
February18, 2018 and, so long as there is no default or event of
default under the facility, we may elect to extend it for an
additional year, subject to lender participation. The amendments
to both credit facilities added certain standard market features,
such as provisions to address negative interest rates and recent
regulatory developments. All borrowings under both revolving
credit facilities are secured by first mortgage bonds of Kansas
Gas and Electric Company, our wholly-owned subsidiary.
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.
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.
Item9.01. Financial Statements and Exhibits
| Exhibit10.1 |
First Amendment to Credit Agreement, dated December19, 2016, by and among Westar Energy, Inc. and the several banks and other financial institutions or entities from time to time parties thereto |
| Exhibit10.2 |
Amendment Agreement, dated December19, 2016, by and among Westar Energy, Inc. and the several banks and other financial institutions or entities from time to time parties thereto |
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. WESTAR ENERGY, INC. (NYSE:WR) Recent Trading Information
WESTAR ENERGY, INC. (NYSE:WR) closed its last trading session up +0.26 at 56.57 with 1,345,763 shares trading hands.
