Entergy Mississippi Issues $300M Bonds

TL;DR

Entergy Mississippi just dropped $300M in new bonds to fund operations and pay off debt.

AI Summary

Entergy Mississippi, LLC, a subsidiary of Entergy Corp, announced on June 11, 2024, the issuance of $300 million in first mortgage bonds. These bonds mature on June 1, 2054, and carry a coupon rate of 5.85%. The net proceeds from this offering will be used for general corporate purposes, including the repayment of outstanding commercial paper.

Why It Matters

This bond issuance provides Entergy Mississippi with significant capital for its operations and debt management, potentially impacting its financial stability and future investment capacity.

Risk Assessment

Risk Level: low — The filing is a routine debt issuance by a regulated utility, which typically carries lower risk compared to speculative ventures.

Key Numbers

• $300M — Bond Issuance (Capital raised by Entergy Mississippi)
• 5.85% — Coupon Rate (Interest rate on the new bonds)
• 2054 — Maturity Date (Long-term debt obligation)

Key Players & Entities

• Entergy Mississippi, LLC (company) — Issuer of the bonds
• Entergy Corp (company) — Parent company
• $300 million (dollar_amount) — Principal amount of the bonds
• June 11, 2024 (date) — Date of the bond issuance announcement
• June 1, 2054 (date) — Maturity date of the bonds
• 5.85% (dollar_amount) — Coupon rate of the bonds

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