Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.625% first-mortgage bonds due 2043. The joint book-running managers were Mitsubishi UFJ Securities (USA), Inc., UBS Securities LLC and Wells Fargo Securities, LLC.
Westar Energy is the largest electric utility in Kansas, providing electric generation, transmission and distribution services to approximately 694,000 customers.
The Davis Polk corporate team included partner Daniel G. Kelly Jr., associates Aaron Justin Epstein and Paul D. Weitzel and former summer associate Elina Khodorkovsky. The tax team included partner Samuel Dimon and associate Craig A. Phillips. Associate Tina D. Wang provided 1940 Act advice. Kimberly Kakade and Cassandra Aguirre were the legal assistants on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.