The 4.5% convertible notes are due 2027

Davis Polk acted as special product counsel to the representatives of the several initial purchasers in connection with a Rule 144A offering by Evergy, Inc. of an aggregate principal amount of $1.4 billion of its 4.50% convertible notes due 2027, which included $200 million aggregate principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes.

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: Evergy Kansas Central, Inc., Evergy Metro, Inc., Evergy Missouri West, Inc. and Evergy Transmission Company, LLC.

The Davis Polk equity derivatives team included partner Mark J. DiFiore, counsel Faisal Baloch and associate Alexander S. Pettingell. Partner Michael Farber and associates Yixuan Long and Ted Lee provided tax advice. All members of the Davis Polk team are based in the New York office.

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