Davis Polk Advises Westar Energy, Inc. on $550 Million First Mortgage Bond Offering
Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $550 million of first mortgage bonds, consisting of $250 million in aggregate principal amount of 3.250% first mortgage bonds due 2025 and $300 million in aggregate principal amount of 4.250% first mortgage bonds due 2045.
Westar Energy is the largest electric utility in Kansas, providing electric generation, transmission and distribution services to approximately 699,000 customers.
The Davis Polk corporate team included partners Daniel G. Kelly Jr. and Sarah K. Solum and associate Adam H. Whitaker. The tax team included partner Rachel D. Kleinberg. Associate Colleen Blanco provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.