Debt instrument, debt default, threshold

[Table of Contents](#i9e3d7fad53bb42b083be8286e4319cd4_10) certain limitations, if Evergy achieves, or fails to achieve, certain sustainability-linked targets based on two key performance indicator metrics: (i) Non-Emitting Generation Capacity and (ii) Diverse Supplier Spend (as defined in the facility). A default by any borrower under the facility or one of its significant subsidiaries on other indebtedness totaling more than $100.0 million constitutes a default by that borrower under the facility. Under the terms of this facility, each of Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West is required to maintain a total indebtedness to total capitalization ratio, as defined in the facility, of not greater than 0.65 to 1.00 at all times. As of December 31, 2021, Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West were in compliance with this covenant.The following table summarizes the committed credit facilities (excluding receivable sale facilities discussed in Note 3) available to the Evergy Companies as of December 31, 2021 and 2020.

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Amounts Drawn |  |  |  |
|  | Master Credit Facility | Commercial Paper | Letters of Credit | Cash Borrowings | Available Borrowings |  | Weighted Average Interest Rate on Short-Term Borrowings  |
| December 31, 2021 | (millions) |  |  |
| Evergy, Inc. | $ | 700.0  |  | $ | 358.0  |  | $ | 0.7  |  | $ | —  |  | $ | 341.3  |  |  | 0.34% |
| Evergy Kansas Central | 750.0  |  | 406.0  |  | 0.1  |  | —  |  | 343.9  |  |  | 0.41% |
| Evergy Metro | 350.0  |  | —  |  | —  |  | —  |  | 350.0  |  |  | —% |
| Evergy Missouri West | 700.0  |  | 395.3  |  | —  |  | —  |  | 304.7  |  |  | 0.40% |
| Evergy | $ | 2,500.0  |  | $ | 1,159.3  |  | $ | 0.8  |  | $ | —  |  | $ | 1,339.9  |  |  |  |
|  |  |  |  |  |  |  |  |
| December 31, 2020 |  |  |  |  |  |  |  |
| Evergy, Inc. | $ | 450.0  |  | n/a | $ | 0.7  |  | $ | 200.0  |  | $ | 249.3  |  |  | 1.40% |
| Evergy Kansas Central | 1,000.0  |  | 50.0  |  | 17.0  |  | —  |  | 933.0  |  |  | 0.23% |
| Evergy Metro | 600.0  |  | —  |  | —  |  | —  |  | 600.0  |  |  | —% |
| Evergy Missouri West | 450.0  |  | 65.0  |  | 2.0  |  | —  |  | 383.0  |  |  | 0.36% |
| Evergy | $ | 2,500.0  |  | $ | 115.0  |  | $ | 19.7  |  | $ | 200.0  |  | $ | 2,165.3  |  |  |  |

In May 2021, Evergy, Inc. established a commercial paper program supported by its borrowing capacity under the master credit facility.127
