NasdaqGS:EVRGElectric Utilities
Evergy’s New US$500m Loan Reshapes Funding Capacity And Investor Focus
Evergy entered into a new $500 million unsecured term loan agreement that replaces a smaller prior facility.
The company plans to use the facility for capital expenditures, acquisitions, and repayment of existing debt.
The new loan provides fresh funding capacity that could influence Evergy’s capital allocation and balance sheet structure.
For investors watching NasdaqGS:EVRG, this financing move comes with the stock trading at $81.51 and showing returns of 3.5% over the past week and 6.6%...