On February 11, 2026, Evergy entered into an unsecured Term Loan Credit Agreement of $500 million with Wells Fargo Bank, National Association as administrative agent. The Term Loan Facility expires on February 10, 2027.

1. 01

   On February 11, 2026, Evergy entered into an unsecured Term Loan Credit Agreement of $500 million with Wells Fargo Bank, National Association as administrative agent. The Term Loan Facility expires on February 10, 2027.

2. 02

   Evergy said it expects to use the proceeds of borrowings under the Term Loan Facility for working capital, capital expenditures, permitted acquisitions and general corporate purposes, including the repayment of all borrowings under the $55 million unsecured Prior Term Loan Facility with Bank of America, N.A. as lender.

3. 03

   On February 11, 2026, concurrently with the execution of the new Term Loan Facility, Evergy terminated the Prior Term Loan Facility, which was due to expire on January 6, 2027. The company said it incurred no early termination penalties as a result of the termination.

4. 04

   Evergy said the new Term Loan Facility contains customary covenants, including one that sets the ratio of maximum allowed total indebtedness to total capitalization at 0.65 to 1.00 for Evergy and its subsidiaries on a consolidated basis.

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