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Joint Bookrunner

Entergy Arkansas, LLC

$200 Million 03/04/2022 Power & Industrial Technology Complete
Public Companies
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Transaction Details

  • On March 4, 2022, Entergy Arkansas, LLC (“EAL”) closed a $200 million tack-on offering (the “Tack-on Notes”) to its outstanding 4.20% Senior Secured First Mortgage Notes due 2049 issued on March 19, 2019
  • The Tack-on Notes were issued at 105.875% of the principal amount plus accrued interest from October 1, 2021 for a re-offer yield of 3.845%
  • EAL intends to use the net proceeds from the issuance and sale of the new Tack-on Notes for general corporate purposes, including the repayment of an inter-company borrowing
  • 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”), an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 26,000 MW of electric generating capacity, including approximately 6,000 MW of nuclear power. Entergy delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy had annual revenues of $11.7 billion in 2021 and had more than 12,000 employees as of December 31, 2021.

Sources: Company Filings
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