Entergy Louisiana Secures $1.5 Billion Credit Facility
Ticker: ELC · Form: 8-K · Filed: 2024-12-20T00:00:00.000Z
Sentiment: neutral
Topics: financing, credit-facility, liquidity
Related Tickers: ETR
TL;DR
Entergy Louisiana just locked in a $1.5B credit line. Good to go.
AI Summary
On December 20, 2024, Entergy Louisiana, LLC, a subsidiary of Entergy Corp., filed an 8-K to disclose that it has entered into a new credit agreement. This agreement provides for a revolving credit facility with a maximum aggregate principal amount of $1.5 billion.
Why It Matters
This new credit facility provides Entergy Louisiana with significant financial flexibility to meet its operational and capital needs.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit agreement, indicating standard financial operations.
Key Numbers
- $1.5B — Revolving Credit Facility (Provides significant liquidity for Entergy Louisiana.)
Key Players & Entities
- Entergy Louisiana, LLC (company) — Filer of the 8-K
- Entergy Corp. (company) — Parent company
- $1.5 billion (dollar_amount) — Maximum aggregate principal amount of the revolving credit facility
- December 20, 2024 (date) — Filing date of the 8-K
FAQ
What is the purpose of the new credit agreement?
The filing indicates the credit agreement provides for a revolving credit facility, which is typically used for general corporate purposes, working capital, and capital expenditures.
Who are the lenders under this new credit agreement?
The filing does not specify the names of the lenders, only the aggregate principal amount of the facility.
What is the maturity date of this credit facility?
The provided excerpt does not contain information about the maturity date of the credit facility.
Are there any significant changes in Entergy Louisiana's debt structure due to this agreement?
The filing indicates a new credit agreement for a revolving credit facility, suggesting a potential update or addition to their financing arrangements, but specific impacts on overall debt structure are not detailed in this excerpt.
Is this credit facility secured?
The provided excerpt does not specify whether the credit facility is secured or unsecured.
From the Filing
0000065984-24-000131.txt : 20241220 0000065984-24-000131.hdr.sgml : 20241220 20241220093137 ACCESSION NUMBER: 0000065984-24-000131 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20241220 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events FILED AS OF DATE: 20241220 DATE AS OF CHANGE: 20241220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY CORP /DE/ CENTRAL INDEX KEY: 0000065984 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 721229752 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11299 FILM NUMBER: 241565437 BUSINESS ADDRESS: STREET 1: 639 LOYOLA AVE CITY: NEW ORLEANS STATE: LA ZIP: 70113 BUSINESS PHONE: 504-576-4000 MAIL ADDRESS: STREET 1: PO BOX 61000 CITY: NEW ORLEANS STATE: LA ZIP: 70161 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY CORP /FL/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY GSU HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19940329 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH UTILITIES INC DATE OF NAME CHANGE: 19890521 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY MISSISSIPPI, LLC CENTRAL INDEX KEY: 0000066901 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 831950019 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31508 FILM NUMBER: 241565438 BUSINESS ADDRESS: STREET 1: 308 EAST PEARL STREET CITY: JACKSON STATE: MS ZIP: 39201 BUSINESS PHONE: 601-368-5000 MAIL ADDRESS: STREET 1: 308 EAST PEARL STREET CITY: JACKSON STATE: MS ZIP: 39201 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY MISSISSIPPI INC DATE OF NAME CHANGE: 19960610 FORMER COMPANY: FORMER CONFORMED NAME: MISSISSIPPI POWER & LIGHT CO DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY TEXAS, INC. CENTRAL INDEX KEY: 0001427437 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 611435798 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34360 FILM NUMBER: 241565443 BUSINESS ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 409-981-2000 MAIL ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 FORMER COMPANY: FORMER CONFORMED NAME: Entergy Texas, Inc. DATE OF NAME CHANGE: 20080219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYSTEM ENERGY RESOURCES, INC CENTRAL INDEX KEY: 0000202584 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 720752777 STATE OF INCORPORATION: AR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09067 FILM NUMBER: 241565440 BUSINESS ADDRESS: STREET 1: 1340 ECHELON PKWY CITY: JACKSON STATE: MS ZIP: 39213 BUSINESS PHONE: 601-368-5000 MAIL ADDRESS: STREET 1: 1340 ECHELON PKWY CITY: JACKSON STATE: MS ZIP: 39213 FORMER COMPANY: FORMER CONFORMED NAME: SYSTEM ENERGY RESOURCES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: MIDDLE SOUTH ENERGY INC DATE OF NAME CHANGE: 19860803 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY LOUISIANA, LLC CENTRAL INDEX KEY: 0001348952 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 474469646 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32718 FILM NUMBER: 241565442 BUSINESS ADDRESS: STREET 1: 4809 JEFFERSON HIGHWAY CITY: JEFFERSON STATE: LA ZIP: 70121 BUSINESS PHONE: 504-576-4000 MAIL ADDRESS: STREET 1: 4809 JEFFERSON HIGHWAY CITY: JEFFERSON STATE: LA ZIP: 70121 FORMER COMPANY: FORMER CONFORMED NAME: Ente