Entergy Arkansas, LLC | Stephens

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Joint Bookrunner

Entergy Arkansas, LLC

$220 Million 05/09/2017 Power & Industrial Technology Complete
Public Companies
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Transaction Details

  • On May 9, 2017, Entergy Arkansas, Inc. (“EAI” or the “Company”), added $220 million to its existing 3.500% first mortgage bonds due April 1, 2026 (the “Notes”) in a qualified reopening
  • Price to Public: 102.208% per bond
  • Spread to Treasury: 80 bps
  • Re-offer Yield: 3.205%
  • The Company expects to use the net proceeds of this offering to repay at maturity $54.7 million of their 1.55% pollution control revenue refunding bonds due October 2017 and for general corporate purposes
  • Expected issue ratings of A (S&P) / A2 (Moody’s)
  • Stephens Inc. served as a joint bookrunner on this transaction
  • Stephens served as a joint bookrunner on the initial offering of the Notes in January 2016 as well as a joint bookrunner on the first qualified reopening of the Notes in June 2016

About the company

Entergy Arkansas provides electricity to approximately 700,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation (NYSE: ETR), 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 more than $10.8 billion and approximately 13,000 employees.

Sources: Public 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 Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Fixed Income 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/7323/000006598417000116/d374384d424b3.htm Additionally, a copy of the Free Writing Prospectus may be obtained from the following link: https://www.sec.gov/Archives/edgar/data/7323/000006598417000118/a02117.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.