Entergy Arkansas, LLC | Stephens

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Joint Bookrunner

Entergy Arkansas, LLC

$100 Million 03/18/2020 Power & Industrial Technology Complete
Public Companies
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Transaction Details

  • On March 18, 2020, Entergy Arkansas, LLC (“EAL”) closed a $100 million tack-on offering (the “Tack-on Notes”) to its outstanding 4.00% Senior Secured First Mortgage Notes due 2028 issued on May 11, 2018
  • The Tack-on Notes were issued at 109.473% of the principal amount plus accrued interest from December 1, 2019 for a re-offer yield of 2.670%
  • Generated net proceeds before expenses of $108,823,000
  • EAL intends to use net proceeds from the offering for general corporate purposes
  • Issue ratings were A (S&P) / A2 (Moody’s)

About the company

Entergy Arkansas, LLC provides electricity to approximately 715,000 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 30,000 megawatts of electric generating capacity, including nearly 9,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11 billion and more than 13,500 employees.

Sources: Company Filings
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets, or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

  2. 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/7323/000006598420000118/d895094d424b2.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.