Joint Bookrunner
Entergy Arkansas, LLC
Debt Capital Markets
Senior Secured First Mortgage Bonds Due 2033
Transaction Details
- On January 6, 2023, Entergy Arkansas, LLC (“EAL”) closed on the sale of $425,000,000 aggregate principal amount of its First Mortgage Bonds, 5.15% Series due January 15, 2033
- The bonds were issued at 99.673% of the principal amount for a re-offer yield of 5.192%
- EAL intends to use the net proceeds from the issuance and sale of the bonds, together with other available funds, to repay or redeem on or prior to maturity the outstanding $250 million aggregate principal amount of their First Mortgage Bonds, 3.05% Series due June 1, 2023 and for general corporate purposes
- Issue ratings were A (S&P Global Ratings) / A2 (Moody’s Investors Service)
About the company
Entergy Arkansas, LLC serves approximately 728,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation (“Entergy”), a Fortune 500 company headquartered in New Orleans, which powers life for 3 million customers across Arkansas, Louisiana, Mississippi and Texas. Entergy is creating a cleaner, more resilient energy future for everyone with our diverse power generation portfolio, including increasingly carbon-free energy sources. With roots in the Gulf South region for more than a century, Entergy is a recognized leader in corporate citizenship, delivering more than $100 million in economic benefits to local communities through philanthropy and advocacy efforts annually over the last several years. Entergy’s approximately 12,000 employees are dedicated to powering life today and for future generations.
Sources: Company Filings.
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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/7323/000119312523001508/d420709d424b2.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of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.
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