Daily News: December 15, 2017

JPMorgan Chase Agents Westar $270MM Revolver Amendment


Westar Energy amended its $270 million revolving credit facility and its $730 million revolving credit facility, extending the maturity of the former to February 18, 2019. The facility lenders also consented to additional technical changes that will be required after Westar’s pending merger with Great Plains Energy.

All borrowings under both revolving credit facilities are secured by first mortgage bonds of Westar’s subsidiary Kansas Gas and Electric Company.

According to a related 8-K filing, JPMorgan Chase served as both administrative agent and lender for the facilities. Bank Of America, Barclays Bank, BNP Paribas, Citibank, Cobank, MUFG Bank, Regions Bank, TD Bank, The Bank Of New York Mellon, The Northern Trust Company, UMB Bank, U.S. Bank and Wells Fargo acted as lenders.