Hunton & Williams Advises on Westar Energy, Inc. 916,000 Share Greenshoe
Hunton & Williams LLP advised J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc. and UBS Securities LLC as joint book-running managers in connection with the purchase by the underwriters of 916,000 shares of common stock of Westar Energy, Inc. ("Westar Energy") pursuant to the underwriters' partial exercise of the overallotment option. The shares were borrowed from third parties by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, each as forward counterparty, and subsequently sold to the underwriters for sale in the offering.
Westar Energy is Kansas' largest electric utility, providing service to nearly 700,000 customers. Westar Energy has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas, and is a leader in electric transmission in Kansas.
The Hunton & Williams LLP team included Pete O'Brien, Kevin Felz and Christina Kwon.
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