Hunton Andrews Kurth Represents Evergy, Inc. in its Inaugural Offering of $1.4 Billion 4.50% Convertible Notes

Hunton Andrews Kurth LLP represented Evergy, Inc. (“Evergy”) in connection with its inaugural offering of $1.4 billion in aggregate principal amount of equity-linked 4.50% Convertible Notes due 2027 (“Notes”), which included an additional $200 million in aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the initial purchasers pursuant to the purchase agreement for this offering, in a private placement under Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers. The Notes may be converted into shares of Evergy’s common stock at an initial conversion rate tied to the price of Evergy’s common stock and as further described in the offering memorandum for this offering.

Evergy, a Missouri corporation, is a public utility holding company incorporated in 2017 and headquartered in Kansas City, Missouri. Evergy operates primarily through the following wholly-owned direct subsidiaries: (i) Evergy Kansas Central, Inc. is an integrated, regulated electric utility that provides electricity to customers in the state of Kansas. Evergy Kansas Central has one active wholly-owned subsidiary with significant operations, Evergy Kansas South, Inc.; (ii) Evergy Metro, Inc. is an integrated, regulated electric utility that provides electricity to customers in the states of Missouri and Kansas; (iii) Evergy Missouri West, Inc. is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri and (iv) Evergy Transmission Company, LLC owns 13.5% of Transource Energy, LLC, which is focused on the development of competitive electric transmission projects, with the remaining 86.5% owned by a subsidiary of American Electric Power Company, Inc.

The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney, Reuben H. Pearlman and Jingyi “Alice” Yao. Robert McNamara and Will Freeman provided tax advice. Leslie Okinaka provided ERISA advice.