Entergy Louisiana issues in mortgage bonds

Published 09/08/2024, 19:26
Entergy Louisiana issues in mortgage bonds

Entergy (NYSE:ETR) Louisiana, LLC announced the successful sale of $700 million in mortgage bonds. The offering, which closed today, involved the issuance of Collateral Trust Mortgage Bonds, 5.15% Series due September 15, 2034.

The sale was conducted under an Underwriting Agreement that Entergy Louisiana entered into on Monday. These bonds were offered through the company's automatic shelf Registration Statement on Form S-3, which was effective upon filing.

Entergy Louisiana, a provider of electric services, is incorporated in Texas and has its principal executive offices in Jefferson, Louisiana. The bonds have been registered on the New York Stock Exchange under the symbol ELC.

The company provided several legal opinions and consents regarding the bond issuance, including those from Morgan, Lewis & Bockius LLP, Dawn A. Balash of Entergy Services, LLC, and Husch Blackwell LLP.

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