Great Plains Energy sells senior notes to fund acquisition

Written By: Stratton Report
March 6, 2017

On March 6, Great Plains Energy Incorporated announced the launch of an public offering of its senior notes.

Great Plains Energy plans to use the proceeds from the offering as part of the cash needed for its proposed acquisition of Westar Energy, Inc.

Goldman, Sachs & Co. is acting as lead book-running manager and Barclays, BofA Merrill Lynch, J.P. Morgan, MUFG and Wells Fargo Securities are acting as joint book-running managers for the offering of the senior notes.