Westar Energy to price 10-year first mortgage bonds for green projects

By Lisa Kerner

Charlotte, N.C., June 13 – Westar Energy, Inc. expects to price 10-year green first mortgage bonds, according to a 424B5 filed with the Securities and Exchange Commission.

Proceeds will be used for renewable energy generation projects, including the Western Plains Wind Farm in Kansas. Since the Western Plains Wind Farm is in the preliminary stage of construction, a portion of the proceeds will be used to repay short-term debt or will be held as cash and cash equivalents, or both.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC and MUFG are the bookrunners.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.