Westar Energy extends $270 million revolver maturity to 2019

By Marisa Wong

Morgantown, W.Va., Dec. 14 – Westar Energy, Inc. amended on Dec. 14 its $270 million revolving credit facility dated Feb. 18, 2011 and its $730 million revolving credit facility dated Sept. 29, 2011, according to an 8-K filing with the Securities and Exchange Commission.

The amendment to the $270 million revolver extended the maturity to Feb. 18, 2019.

In addition, under the amendments, the lenders of each credit facility consented to Westar’s pending merger with Great Plains Energy Inc. and agreed to technical changes that would be required following the closing of the merger.

Borrowings under both revolvers are secured by first mortgage bonds of wholly owned subsidiary Kansas Gas and Electric Co.

Westar Energy is a Topeka, Kan.-based electric utility.

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