Entergy Louisiana Issues $1.2B in Bonds

TL;DR

Entergy Louisiana just dropped $1.2B in bonds to fund projects. Expect rate impacts.

AI Summary

Entergy Louisiana, LLC, a subsidiary of Entergy Corp., announced on June 11, 2024, the issuance of $1.2 billion in aggregate principal amount of first mortgage bonds. The bonds are due in installments between 2029 and 2054, with interest rates ranging from 5.15% to 5.85%. This issuance is intended to finance capital expenditures and for general corporate purposes.

Why It Matters

This bond issuance provides Entergy Louisiana with significant capital for infrastructure improvements and operations, potentially impacting future electricity rates and service reliability for its customers.

Risk Assessment

Risk Level: medium — The issuance of substantial debt increases financial leverage and interest expense for Entergy Louisiana, which could affect its financial stability and ability to meet future obligations.

Key Numbers

• $1.2B — Bond Issuance (Total amount raised by Entergy Louisiana to fund capital expenditures and general corporate purposes.)
• 5.15%-5.85% — Interest Rates (Range of interest rates on the newly issued bonds, impacting borrowing costs.)
• 2029-2054 — Maturity Dates (The staggered maturity schedule for the issued bonds, indicating long-term debt obligations.)

Key Players & Entities

• Entergy Louisiana, LLC (company) — Issuer of the bonds
• Entergy Corp. (company) — Parent company
• $1.2 billion (dollar_amount) — Aggregate principal amount of bonds issued
• 2029 (date) — Earliest maturity year for the bonds
• 2054 (date) — Latest maturity year for the bonds
• 5.15% (dollar_amount) — Lowest interest rate on the bonds
• 5.85% (dollar_amount) — Highest interest rate on the bonds
• June 11, 2024 (date) — Date of the bond issuance announcement

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