Great Plains Energy Incorporated’s $4.3 Billion Notes Offering to Finance Proposed Acquisition of Westar Energy, Inc.

Time 2 Minute Read
March 9, 2017
News

Power Pylons

Hunton & Williams LLP advised Great Plains Energy Incorporated (the “Company”) on an SEC-registered offering of $4.3 billion aggregate principal amount of notes, consisting of 750,000,000 2.50% notes due 2020, $1,150,000,000 3.15% notes due 2022, $1,400,000,000 3.90% notes due 2027 and $1,000,000,000 4.85% notes due 2047.  The aggregate net proceeds from the offering will be used to fund the cash consideration payable in connection with the Company’s pending acquisition of Westar Energy, Inc.

Great Plains Energy Incorporated, a Missouri corporation incorporated in 2001 and headquartered in Kansas City, Missouri, is a public utility holding company and does not own or operate any significant assets other than the stock of its subsidiaries. The Company’s wholly owned direct subsidiaries with significant operations or active subsidiaries are as follows: (i)  Kansas City Power & Light Company, which is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas, (ii) KCP&L Greater Missouri Operations Company, which is an integrated, regulated electric utility that primarily provides electricity to customers in the state of Missouri, and (iii) GPE Transmission Holding Company, LLC, which owns 13.5 percent of Transource Energy, LLC, a company focused on the development of competitive electric transmission projects.

The Hunton & Williams team included Pete O’Brien, Christina Kwon and Andrew SpectorCary Tolley and Anna Page provided tax advice.

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