Entergy Secures $1.5B Credit Facility

TL;DR

Entergy just locked in a $1.5B credit line until 2029 for general corporate stuff.

AI Summary

On June 11, 2024, Entergy Corp. and its subsidiary Entergy Texas, Inc. entered into a credit agreement for a $1.5 billion revolving credit facility. This facility matures on June 11, 2029, and is intended to provide general corporate purposes and working capital for the companies.

Why It Matters

This new credit facility provides Entergy with significant financial flexibility for its operational needs and potential future investments.

Risk Assessment

Risk Level: low — The filing details a standard credit facility, which is a common and generally low-risk financial instrument for large corporations.

Key Numbers

• $1.5B — Revolving Credit Facility (Provides liquidity for general corporate purposes and working capital.)
• 2029 — Maturity Date (Indicates the term of the credit facility.)

Key Players & Entities

• Entergy Corp. (company) — Filer
• Entergy Texas, Inc. (company) — Subsidiary and borrower
• $1.5 billion (dollar_amount) — Revolving credit facility amount
• June 11, 2024 (date) — Date of credit agreement
• June 11, 2029 (date) — Maturity date of credit facility

FAQ

Key Financial Figures

• $0.01 — red Entergy Corporation Common Stock, $0.01 Par Value ETR New York Stock Exchange
• $25 — lative, No Par Value (Liquidation Value $25 Per Share) ETI/PR New York Stock Exch
• $3 billion — ment provides Entergy with a five-year, $3 billion unsecured revolving credit and letter o
• $3.5 billion — t facility which may be increased up to $3.5 billion at Entergy's request. The facility prov
• $1.5 billion — ggregate principal amount not to exceed $1.5 billion outstanding at any time and currently i
• $20 million — e issuance of letters of credit against $20 million of the total borrowing capacity of the
• $4,056,000 — 24, there were no loans outstanding and $4,056,000 of letters of credit issued under the E
• $300 million — ides Entergy Arkansas with a five-year, $300 million unsecured revolving credit and letter o
• $350 million — t facility which may be increased up to $350 million at Entergy Arkansas's request. The faci
• $75 million — ggregate principal amount not to exceed $75 million outstanding at any time and currently i
• $5 million — e issuance of letters of credit against $5 million of the total borrowing capacity of the
• $400 million — des Entergy Louisiana with a five-year, $400 million unsecured revolving credit and letter o
• $475 million — t facility which may be increased up to $475 million at Entergy Louisiana's request. The f
• $175 million — ggregate principal amount not to exceed $175 million outstanding at any time and currently i
• $15 million — e issuance of letters of credit against $15 million of the total borrowing capacity of the

Filing Documents

• etr-20240611.htm (8-K) — 90KB
• a0162441.htm (EX-4.1) — 907KB
• a0162442.htm (EX-4.2) — 900KB
• a0162443.htm (EX-4.3) — 902KB
• a0162444.htm (EX-4.4) — 898KB
• a0162445.htm (EX-4.5) — 902KB
• 0000065984-24-000062.txt ( ) — 5571KB
• etr-20240611.xsd (EX-101.SCH) — 5KB
• etr-20240611_def.xml (EX-101.DEF) — 21KB
• etr-20240611_lab.xml (EX-101.LAB) — 39KB
• etr-20240611_pre.xml (EX-101.PRE) — 22KB
• etr-20240611_htm.xml (XML) — 15KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description of Exhibit Entergy Corporation 4.1 Fourth Amended and Restated Credit Agreement dated as of June 11, 2024, among Entergy Corporation, as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Citibank, N.A., as Administrative Agent and LC Issuing Bank, MUFG Bank, Ltd., as LC Issuing Bank, and the other LC Issuing Banks from time to time parties thereto. Entergy Arkansas, LLC 4.2 Fourth Amended and Restated Credit Agreement dated as of June 11, 2024, among Entergy Arkansas, LLC, as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Citibank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as LC Issuing Bank, and the other LC Issuing Banks from time to time parties thereto. Entergy Louisiana, LLC 4.3 Fourth Amended and Restated Credit Agreement dated as of June 11, 2024, among Entergy Louisiana, LLC, as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Citibank, N.A., as Administrative Agent, Wells Fargo Bank, National Association and BNP Paribas, as LC Issuing Banks, and the other LC Issuing Banks from time to time parties thereto. Entergy Mississippi, LLC 4.4 First Amended and Restated Credit Agreement dated as of June 11, 2024, among Entergy Mississippi, LLC, as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Citibank, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as LC Issuing Bank, and the other LC Issuing Banks from time to time parties thereto. Entergy Texas, Inc. 4.5 Fourth Amended and Restated Credit Agreement dated as of June 11, 2024, among Entergy Texas, Inc., as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Citibank, N.A., as Administrative Agent , JPMorgan Chase

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Entergy Corporation Entergy Arkansas, LLC Entergy Louisiana, LLC Entergy Mississippi, LLC Entergy Texas, Inc. Registrants Date: June 13, 2024 /s/ Barrett E. Green (Signature) Barrett E. Green Vice President and Treasurer