Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.10% first-mortgage bonds due 2043. The joint book-running managers were BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Westar Energy is the largest electric utility in Kansas, providing electric generation, transmission and distribution services to approximately 690,000 customers.
The Davis Polk corporate team included partner Daniel G. Kelly Jr. and associates Aaron Justin Epstein and Emily Roberts. The tax team included partner Rachel D. Kleinberg and law clerk Catherine Paskoff Chang. Counsel Catherine L. Martin provided 1940 Act advice. Cassandra Aguirre was the legal assistant on the transaction. Members of the Davis Polk team are based in Menlo Park and New York offices.
