Entergy New Orleans Issues New Mortgage Bonds
Ticker: ENO · Form: 8-K · Filed: 2024-06-18T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing, bonds
Related Tickers: ETR
TL;DR
Entergy New Orleans just dropped new debt: Mortgage Bonds Series 50 & 550. Raising cash.
AI Summary
On June 18, 2024, Entergy New Orleans, LLC filed an 8-K report detailing the creation of a direct financial obligation. This filing specifically relates to the issuance of Mortgage Bonds, Series 50, due December 2052, and Mortgage Bonds, Series 550, due April 2066.
Why It Matters
This filing indicates Entergy New Orleans is raising capital through new debt issuances, which could impact its financial leverage and future investment plans.
Risk Assessment
Risk Level: low — The filing is a standard disclosure of debt issuance and does not indicate any immediate financial distress or unusual events.
Key Players & Entities
- Entergy New Orleans, LLC (company) — Registrant
- Mortgage Bonds, Series 50, Due December 2052 (dollar_amount) — Financial Obligation
- Mortgage Bonds, Series 550, Due April 2066 (dollar_amount) — Financial Obligation
- June 18, 2024 (date) — Report Date
FAQ
What is the purpose of the Mortgage Bonds being issued by Entergy New Orleans, LLC?
The filing does not explicitly state the purpose of the bond issuance, but it is a standard disclosure of a direct financial obligation.
What are the maturity dates for the newly issued Mortgage Bonds?
The Mortgage Bonds, Series 50, are due in December 2052, and the Mortgage Bonds, Series 550, are due in April 2066.
Is this filing related to any recent financial performance of Entergy New Orleans, LLC?
This filing is specifically about the creation of a direct financial obligation and does not contain information on recent financial performance or earnings.
What is the significance of the 'Creation of a Direct Financial Obligation' item in this 8-K filing?
This item signifies that the registrant has entered into a new debt agreement or incurred a new financial liability.
What jurisdiction is Entergy New Orleans, LLC incorporated in?
Entergy New Orleans, LLC is incorporated in Texas.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-06-18 17:03:43
Key Financial Figures
- $25 million — provides the Company with a three-year, $25 million unsecured revolving credit and letter o
- $10 million — e issuance of letters of credit against $10 million of the total borrowing capacity of the
Filing Documents
- etr-20240618.htm (8-K) — 32KB
- a023244.htm (EX-4) — 759KB
- 0000071508-24-000006.txt ( ) — 1098KB
- etr-20240618.xsd (EX-101.SCH) — 3KB
- etr-20240618_def.xml (EX-101.DEF) — 17KB
- etr-20240618_lab.xml (EX-101.LAB) — 31KB
- etr-20240618_pre.xml (EX-101.PRE) — 18KB
- etr-20240618_htm.xml (XML) — 4KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description of Exhibit 4 Fourth Amended and Restated Credit Agreement dated as of June 18, 2024, among Entergy New Orleans, LLC, as Borrower, the banks and other financial institutions listed on the signature pages thereof, as Lenders, Bank of America, N.A., as Administrative Agent and LC Issuing Bank, and the other LC Issuing Banks from time to time parties thereto. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Entergy New Orleans, LLC Registrant Date: June 18, 2024 /s/ Barrett E. Green (Signature) Barrett E. Green Vice President and Treasurer