The offering includes 5,000,000 equity units with an initial stated amount of USD50 per unit, or a total of USD250m, and 10,000,000 common shares, or approximately USD140m, at a public offering price of USD14.00 per share.
Great Plains Energy has also granted the underwriters an option to purchase up to 750,000 additional equity units and up to 1,500,000 shares of additional common stock to cover any over-allotments.
The equity units and common shares are expected to be issued on 18 May 2009, subject to customary closing conditions.
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