Evergy issues $600M 6.4% notes, ends $500M loan

Rhea-AI Filing Summary

FAQ

Filing Exhibits & Attachments

Q: What key financing change did Evergy, Inc. (EVRG) make on August 24, 2026?

Q: What new debt securities did Evergy (EVRG) issue according to this 8-K?

Q: What is the interest rate and maturity of Evergy’s new notes (EVRG)?

Q: Which banks underwrote Evergy’s new junior subordinated notes (EVRG)?

Q: Did Evergy (EVRG) pay any penalty to terminate its $500 million term loan?

8-K Event Classification

Key Figures

Key Terms

What key financing change did Evergy, Inc. (EVRG) make on August 24, 2026?

What new debt securities did Evergy (EVRG) issue according to this 8-K?

What is the interest rate and maturity of Evergy’s new notes (EVRG)?

How were Evergy’s new notes (EVRG) registered?

Which banks underwrote Evergy’s new junior subordinated notes (EVRG)?

Did Evergy (EVRG) pay any penalty to terminate its $500 million term loan?

Evergy terminated a $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A., which was scheduled to mature on February 10, 2027. The company states it incurred no early termination penalties in connection with ending this term loan facility.

Evergy issued $600,000,000 aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The issuance was completed under an underwriting agreement with a syndicate of underwriters named in the report.

The new Evergy securities are 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes that are stated to be due 2057. The filing describes their structure as junior subordinated with a fixed-to-fixed reset rate coupon.

The underwriting agreement for Evergy’s new notes lists BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as representatives of the several underwriters.

No. Evergy states that it incurred no early termination penalties when it terminated the $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A., which otherwise would have matured on February 10, 2027.

Evergy, Inc. (EVRG) reported financing actions involving its bank credit and long-term debt.

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Form Type

8-K

Evergy, Inc. (EVRG) reported financing actions involving its bank credit and long-term debt. On August 24, 2026, the company terminated a $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A., which had been scheduled to mature on February 10, 2027, and incurred no early termination penalties.

On the same date, Evergy issued $600,000,000 aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The notes were issued under an underwriting agreement with a syndicate led by BofA Securities, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, and were registered under an existing shelf registration statement on Form S-3. Evergy also entered into a supplemental indenture governing the notes and filed legal and tax opinions as exhibits to support the validity and tax treatment of the securities.

3 items: 1.02, 8.01, 9.01

3 items

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Term Loan Credit Agreement size: $500 million Notes aggregate principal amount: $600,000,000 Coupon rate on Notes: 6.40% +3 more

6 metrics

Term Loan Credit Agreement size $500 million Principal amount of Evergy’s term loan terminated on August 24, 2026

Notes aggregate principal amount $600,000,000 Principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057

Coupon rate on Notes 6.40% Stated interest rate on Evergy’s junior subordinated notes due 2057

Maturity year of Notes 2057 Stated maturity of the 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes

Term loan scheduled maturity date February 10, 2027 Original maturity date of the terminated $500 million term loan

Underwriting Agreement date August 17, 2026 Date of underwriting agreement for the junior subordinated notes

Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Underwriting Agreement, Registration Statement on Form S-3, Supplemental Indenture, +1 more

5 terms

Fixed-to-Fixed Reset Rate Junior Subordinated Notes financial

"the Company’s 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057"

Underwriting Agreement financial

"pursuant to an Underwriting Agreement, dated August 17, 2026, among the Company"

An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.

Registration Statement on Form S-3 regulatory

"pursuant to the registration statement on Form S-3 of the Company"

A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.

Supplemental Indenture financial

"Supplemental Indenture No. 5, dated as of August 24, 2026"

A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.

aggregate principal amount financial

"issued $600,000,000 in aggregate principal amount of the Company’s 6.40% Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Evergy terminated a $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A., which was scheduled to mature on February 10, 2027. The company states it incurred no early termination penalties in connection with ending this term loan facility.

Evergy issued $600,000,000 aggregate principal amount of 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The issuance was completed under an underwriting agreement with a syndicate of underwriters named in the report.

The new Evergy securities are 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes that are stated to be due 2057. The filing describes their structure as junior subordinated with a fixed-to-fixed reset rate coupon.

Evergy’s new notes were registered under the Securities Act of 1933 pursuant to a registration statement on Form S-3, file number 333-281614, which the company filed with the Securities and Exchange Commission on August 16, 2024.

The underwriting agreement for Evergy’s new notes lists BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC as representatives of the several underwriters.

No. Evergy states that it incurred no early termination penalties when it terminated the $500 million Term Loan Credit Agreement with Wells Fargo Bank, N.A., which otherwise would have matured on February 10, 2027.

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Available on EDGAR 08/24/2026 - 04:19 PM EDT Accepted by SEC EDGAR 08/24/2026 - 04:18 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 24, 2026

Evergy, Inc.

(Exact Name of Registrant as Specified in Charter)

Missouri

001-38515

82-2733395

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1200 Main Street

Kansas City, Missouri 64105

(Address of Principal Executive Offices, and Zip Code)

(816) 556-2200

Registrant’s Telephone Number, Including Area Code

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Evergy, Inc. common stock	EVRG	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02.

Termination of a Material Definitive Agreement.

On August 24, 2026, Evergy, Inc. (the “Company”) terminated the $500 million Term Loan Credit Agreement, dated as of February 11, 2026, between the Company and Wells Fargo Bank, N.A., as administrative agent and the lenders party thereto, which was to mature on February 10, 2027. The Company incurred no early termination penalties as a result of such termination.

Item 8.01.

Other Events.

On August 24, 2026, the Company issued $600,000,000 in aggregate principal amount of the Company’s 6.40% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the “Notes”), pursuant to an Underwriting Agreement, dated August 17, 2026, among the Company and BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. The Notes were registered under the Securities Act of 1933, as amended, pursuant to the registration statement (the “Registration Statement”) on Form S-3 of the Company, filed with the Securities and Exchange Commission on August 16, 2024 (File No. 333-281614).

In connection with the issuance and sale of the Notes, the Company entered into the several agreements and other instruments listed in Item 9.01 of this Current Report on Form 8-K and filed as exhibits hereto. Also, in connection with the issuance and sale of the Notes, the Company is filing a legal opinion regarding the validity of the Notes as Exhibit 5.1 to this Current Report on Form 8-K and a legal opinion regarding certain tax matters as Exhibit 8.1 to this Current Report on Form 8-K for the purpose of incorporating such opinions into the Registration Statement. Each of these exhibits is incorporated by reference into the Registration Statement.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description

1.1		Underwriting Agreement dated August 17, 2026 among Evergy, Inc. and BofA Securities, Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein.

4.1		Supplemental Indenture No. 5, dated as of August 24, 2026, to the Subordinated Indenture, dated as of May 18, 2009, between Evergy, Inc. (as successor to Great Plains Energy Incorporated) and The Bank of New York Mellon Trust Company, N.A., as trustee, and the form of global note included therein.

5.1		Opinion of Hunton Andrews Kurth LLP, regarding the validity of the Notes.

8.1		Opinion of Hunton Andrews Kurth LLP, regarding certain tax matters.

23.1		Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.1).

23.2		Consent of Hunton Andrews Kurth LLP (included in Exhibit 8.1).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Source: View Original Filing on SEC EDGAR

Evergy, Inc.

Date: August 24, 2026

/s/ Geoffrey T. Ley

Geoffrey T. Ley

Senior Vice President, Corporate Planning and Treasurer

7 documents