Evergy enters $500 million term loan agreement and ends prior facility

NodeGuardian · 2026-03-03T12:39:22+00:00

Evergy, Inc. secured a $500 million unsecured term loan with Wells Fargo to fund working capital and other corporate needs, despite high debt and a recent stock downgrade by Mizuho.

NodeGuardian

2026-03-03 12:39:22

Abstract generation in progress

Evergy, Inc. announced a new $500 million unsecured term loan credit agreement with Wells Fargo Bank, set to expire in February 2027. The utility company will use the proceeds for working capital, capital expenditures, acquisitions, and general corporate purposes, including repaying a previous $55 million loan which was terminated without penalty. This financing occurs despite a substantial debt load and a recent downgrade of Evergy’s stock rating by Mizuho due to valuation concerns.

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