Debt Capital Markets
First Mortgage Bonds
• On March 30, 2021, Entergy Arkansas, LLC (“EAL”) closed a $400 million offering of 3.35% First Mortgage Bonds (the “Bonds”) due June 15, 2052
• The Bonds were issued at 99.378% of the principal amount, resulting in a reoffer yield of 3.382%
• EAL intends to use the net proceeds from the issuance and sale of the Bonds:
a) To finance in part the purchase of the Searcy Power Station, and/or
b) To repay a portion of the debt outstanding under its $150 million long-term revolving credit facility which expires in September 2024, and/or
c) To repay a portion of the debt outstanding under its $25 million short-term revolving credit facility which expires in April 2021, and/or
d) For general corporate purposes
• Issue ratings were A (S&P Global Ratings) / A2 (Moody’s Investors Service)
Entergy Arkansas, LLC
Entergy Arkansas, LLC serves approximately 722,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation (“Entergy”), an integrated energy company engaged in electric power production, transmission and retail distribution operations. Entergy owns and operates one of the cleanest large-scale U.S. power generating fleets with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $10 billion and more than 13,000 employees.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Fixed Income Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link: https://www.sec.gov/Archives/edgar/data/7323/000006598421000144/d107034d424b2.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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