This combined Current Report on Form8-K is being filed by the following registrants: Evergy, Inc. (“Evergy”) and Kansas City Power & Light Company (“KCP&L”). Information relating to any individual registrant is filed by such registrant solely on its own behalf. Each registrant makes no representation as to information relating exclusively to the other registrant.
Item 3.03. | Material Modifications to Rights of Security Holders |
On March 14, 2019, KCP&L secured all of its outstanding unsecured notes with the lien of KCP&L’s General Mortgage Indenture, dated as of December 1, 1986, between KCP&L and UMB Bank, N.A., as trustee (the “General Mortgage Bond Indenture”). In particular, on March 14, 2019, KCP&L took the following actions:
(i) | KCP&L executed and delivered Supplemental Indenture No. 8 to the Indenture, dated as of May 1, 2007, amending the terms and provisions of the following KCP&L notes (the “2007 Indenture Notes”): |
| • | | 5.30% Notes due 2041 (CUSIP: 485134 BM1), |
| • | | 3.15% Notes due 2023 (CUSIP: 485134 BN9), |
| • | | 3.65% Notes due 2025 (CUSIP: 485134 BP4), |
| • | | 4.20% Notes due 2047 (CUSIP: 485134 BQ2), and |
| • | | 4.20% Notes due 2048 (CUSIP: 485134 BR0). |
(ii) | KCP&L executed and delivered Supplemental Indenture No. 2 to the Indenture, dated as of March 1, 2002, amending the terms and provisions of KCP&L’s 6.05% Senior Notes due 2035 (CUSIP: 485134 BH2) (the “2002 Indenture Notes” and, together with the 2007 Indenture Notes, the “Unsecured Notes”). |
(iii) | KCP&L issued the following series of general mortgage bonds to the trustees of the indentures identified above pursuant to Sixteenth Supplemental Indenture to the General Mortgage Bond Indenture: |
| • | | 5.30% Mortgage Bond, Collateral Series Due 2041, |
| • | | 3.15% Mortgage Bond, Collateral Series Due 2023, |
| • | | 3.65% Mortgage Bond, Collateral Series Due 2025, |
| • | | 4.20% Mortgage Bond, Collateral Series Due 2047, |
| • | | 4.20% Mortgage Bond, Collateral Series Due 2048, and |
| • | | 6.05% Mortgage Bond, Collateral Series Due 2035. |
As a result, the Unsecured Notes will be secured by the lien of KCP&L’s General Mortgage Bond Indenture and will rank equally and ratably with all of KCP&L’s general mortgage bonds, regardless of series, from time to time issued and outstanding under KCP&L’s General Mortgage Bond Indenture.
A copy of a press release related to these matters is attached as Exhibit 99.1.