Davis Polk is advising Westar Energy, Inc. in connection with an SEC-registered dribble-out offering and related forward transactions as part of its existing $500 million continuous equity financing program. BNY Mellon Capital Markets, LLC, acted as the sales agent.
Westar Energy is the largest electric utility in Kansas, providing electric generation, transmission and distribution services to approximately 691,000 customers.
The Davis Polk corporate team included partner Daniel G. Kelly Jr., associates Aaron J. Epstein and Emily Roberts and law clerk Maura Freedman. Counsel Catherine L. Martin provided 1940 Act advice. Nam Kim was the legal assistant on the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.
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