Entergy New Orleans Issues New Mortgage Bonds

Ticker: ENO · Form: 8-K · Filed: 2025-02-24T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, bonds

TL;DR

Entergy New Orleans just issued new long-term debt via mortgage bonds.

AI Summary

On February 21, 2025, Entergy New Orleans, LLC filed an 8-K report detailing the creation of a direct financial obligation. The filing specifically mentions two series of mortgage bonds: Mortgage Bonds 5.0 Series Due December 2052 and Mortgage Bonds 5.50 Series Due April 2066. These obligations were established on the reporting date.

Why It Matters

This filing indicates Entergy New Orleans, LLC has taken on new long-term debt, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: medium — The issuance of new debt increases the company's financial obligations and leverage, which can be a moderate risk factor.

Key Players & Entities

FAQ

What is the total principal amount of the new mortgage bonds issued?

The filing does not specify the total principal amount for either the Mortgage Bonds 5.0 Series Due December 2052 or the Mortgage Bonds 5.50 Series Due April 2066.

What is the purpose of issuing these new mortgage bonds?

The filing does not state the specific purpose for the creation of these direct financial obligations.

What are the interest rates associated with these new bond series?

The filing does not disclose the interest rates for the Mortgage Bonds 5.0 Series Due December 2052 or the Mortgage Bonds 5.50 Series Due April 2066.

When were these financial obligations officially created?

These financial obligations were created on February 21, 2025, as indicated by the 'Date as of Change' and 'Conformed Period of Report'.

Is Entergy New Orleans, LLC a subsidiary of a larger entity?

While not explicitly stated as a subsidiary in this filing, Entergy New Orleans, LLC was formerly known as Entergy New Orleans, Inc., suggesting a relationship with the broader Entergy Corporation.

From the Filing

0000071508-25-000004.txt : 20250224 0000071508-25-000004.hdr.sgml : 20250224 20250224163552 ACCESSION NUMBER: 0000071508-25-000004 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250221 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250224 DATE AS OF CHANGE: 20250224 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY NEW ORLEANS, LLC CENTRAL INDEX KEY: 0000071508 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 822212934 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35747 FILM NUMBER: 25657630 BUSINESS ADDRESS: STREET 1: 1600 PERDIDO ST CITY: NEW ORLEANS STATE: LA ZIP: 70112 BUSINESS PHONE: 504-670-3700 MAIL ADDRESS: STREET 1: 1600 PERDIDO ST CITY: NEW ORLEANS STATE: LA ZIP: 70112 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY NEW ORLEANS, INC DATE OF NAME CHANGE: 20170502 FORMER COMPANY: FORMER CONFORMED NAME: ENTERGY NEW ORLEANS INC DATE OF NAME CHANGE: 19960610 FORMER COMPANY: FORMER CONFORMED NAME: NEW ORLEANS PUBLIC SERVICE INC DATE OF NAME CHANGE: 19920703 8-K 1 etr-20250221.htm 8-K etr-20250221 false US 0000071508 0000071508 2025-02-21 2025-02-21 0000071508 exch:XNYS etr:MortgageBonds50SeriesDueDecember2052Member 2025-02-21 2025-02-21 0000071508 exch:XNYS etr:MortgageBonds550SeriesDueApril2066Member 2025-02-21 2025-02-21 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 21, 2025 Entergy New Orleans, LLC (Exact name of registrant as specified in its charter) Texas 1-35747 82-2212934 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1600 Perdido Street , New Orleans , Louisiana 70112 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code ( 504 ) 670-3702 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Mortgage Bonds, 5.0% Series due December 2052 ENJ New York Stock Exchange Mortgage Bonds, 5.50% Series due April 2066 ENO New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐ Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On February 21, 2025, Entergy New Orleans, LLC (the

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