EVRG · 10-Q · 2026Q2 · Full report

Convertible Note Repurchases

Evergy, Inc. · 2026-08-06 · Importance 64 · Surprise 42

In January and February 2026, Evergy repurchased $244.1 million of the $1.4 billion aggregate principal amount of its convertible notes. The total repurchase cost was $309.5 million, including fees and excluding accrued and unpaid interest. After the transactions, $1.1559 billion of convertible notes remained outstanding as of June 30, 2026. The repurchases generated $10.3 million of losses and fees year to date.

Key facts

• After the January and February 2026 repurchases, $1,155.9 million aggregate principal amount of Convertible Notes remained outstanding as of June 30, 2026.
• Evergy, Inc. repurchased $244.1 million aggregate principal amount of its Convertible Notes in January and February 2026 for a total repurchase cost of $309.5 million (including fees, excluding accrued interest).
• Evergy's repurchase of $244.1 million aggregate principal amount of Convertible Notes in Q1 2026 resulted in losses and fees of $10.3 million included in interest expense for year to date June 30, 2026.