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Westar Energy Inc (WR)

WR on New York Consolidated

54.33USD
24 Mar 2017
Change (% chg)

$-0.26 (-0.48%)
Prev Close
$54.59
Open
$54.61
Day's High
$54.83
Day's Low
$54.13
Volume
504,149
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766,266
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$57.50
52-wk Low
$47.52

Latest Key Developments (Source: Significant Developments)

Westar Energy expects to settle the issuance, sale of $300 mln of some bonds
Friday, 3 Mar 2017 04:11pm EST 

Westar Energy Inc : Westar Energy -on March 6, 2017, expect to settle issuance and sale of $300 million in aggregate principal amount of first mortgage bonds, 3.100% series due 2027 . Westar Energy- on March 6, 2017, expect to settle issuance, sale of $300 million in aggregate principal amount of first mortgage bonds, 3.100% series due 2027 . Westar Energy Inc - will pay interest on bonds on april 1 and october 1 of each year, beginning on october 1, 2017 . Westar Energy Inc - interest on bonds accrues from and including march 6, 2017 at a rate of 3.100% per year - sec filing .Westar Energy Inc - bonds will be issued in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof.  Full Article

Westar Energy Q4 earnings per share $0.38
Wednesday, 22 Feb 2017 05:00pm EST 

Westar Energy Inc - : REG-Westar Energy announces 2016 results . Q4 earnings per share $0.38 . Q4 earnings per share view $0.42 -- Thomson Reuters I/B/E/S . Qtrly total revenues $606.5 million versus $546 million .Q4 revenue view $648.0 million -- Thomson Reuters I/B/E/S.  Full Article

Westar energy says on Dec 19, amended $270 million revolving credit facility, dated Feb 18, 2011
Tuesday, 20 Dec 2016 04:15pm EST 

Westar Energy Inc : Says also amended $730 million revolving credit facility, dated September 29, 2011 . Says on december 19, 2016, amended $270 million revolving credit facility, dated february 18, 2011 - SEC filing . Says amendment to $270 million revolving credit facility extended maturity of facility by one year .Says as amended, $270 million facility matures on february 18, 2018.  Full Article

Great Plains Energy says Westar transaction to close in spring of 2017
Thursday, 8 Dec 2016 08:37am EST 

Great Plains Energy Inc : Great Plains Energy announces leadership team of combined company . Great Plains Energy Inc - once approved by Great Plains Energy board of directors when transaction closes, new team will have 19 executive officers .Great Plains Energy Inc - transaction to close in spring of 2017.  Full Article

Great Plains Energy announces concurrent offerings of common stock
Tuesday, 27 Sep 2016 05:05pm EDT 

Great Plains Energy Inc : Great plains energy announces concurrent offerings of common stock and depositary shares representing interests in mandatory convertible preferred stock . Intends to use net proceeds to finance a portion of cash consideration payable in acquisition of Westar Energy, Inc .Commencement of concurrent underwritten public offerings of 52.6 million shares of common stock and 15 million depositary shares.  Full Article

Great Plains, Westar Energy to hold shareholder meets on Sept.26
Thursday, 25 Aug 2016 05:05pm EDT 

Great Plains Energy Inc : Great Plains Energy and Westar Energy schedule special shareholder meetings . Transaction on track to close in spring of 2017 .Co, Westar's special meetings on Monday, September 26, 2016, for shareholders to vote on companies' proposed transaction.  Full Article

Westar Energy qtrly earnings per share $0.51
Tuesday, 2 Aug 2016 05:00pm EDT 

Westar Energy Inc : Sees FY 2016 earnings per share $2.38 to $2.53 . Announces 2nd quarter 2016 results. . Company affirmed its 2016 earnings guidance of $2.38 to $2.53 per share . Q2 earnings per share view $0.53 -- Thomson Reuters I/B/E/S . Qtrly earnings per share $0.51 . FY2016 earnings per share view $2.45 -- Thomson Reuters I/B/E/S .Qtrly total revenues $621.4 million versus $589.6 million.  Full Article

Westar Energy offers investors $350 million in 'green bonds'
Monday, 20 Jun 2016 04:00pm EDT 

Westar Energy Inc : Westar Energy offers investors $350 million in 'green bonds' . Announced its first offering of "green bonds" to support additional renewable energy projects .Bond proceeds will be used to invest in wind energy projects, primarily construction of Western Plains Wind Farm.  Full Article

Westar Energy files for potential first mortgage bond
Monday, 13 Jun 2016 08:55am EDT 

Westar Energy Inc :Files for potential first mortgage bonds, size not disclosed - SEC filing.  Full Article

Great Plains Energy to buy Westar Energy for $8.6 bln
Tuesday, 31 May 2016 07:02am EDT 

Great Plains Energy Inc : Great Plains Energy To Acquire Westar Energy, Creating Long-Term value for shareholders and cost savings for customers . Expects acquisition will be significantly accretive after first year of operations . Long-Term earnings growth target of combined company is expected to grow to 6-8% better than either company on a standalone basis . Also secured $750 million mandatorily preferred convertible equity commitment from ontario municipal employees retirement system . Westar ceo ruelle will remain in his current role with westar until closing of transaction . Great plains energy will add one director from westar board of directors to great plains energy board of directors . Transaction, valued at $12.2 billion . To acquire westar in a combined cash and stock transaction . Deal for total equity value of approximately $8.6 billion . Westar shareholders will receive $60.00 per share of total consideration . Westar shareholders will receive $51.00 in cash and $9.00 in great plains energy common stock . Expects acquisition will be neutral to earnings-per-share in first full calendar year . Upon completion of transaction, bassham will be chairman and chief executive officer of combined company . Secured approximately $8.0 billion of committed debt financing from goldman sachs bank usa,goldman sachs lending partners llc.  Full Article

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BRIEF-Great Plains Energy announces offering of senior notes to finance a portion of Westar Acquisition

* Great Plains Energy announces offering of senior notes to finance a portion of westar acquisition