Entergy completes $1.3 billion junior subordinated debenture offering

Entergy Corporation (NYSE:ETR) announced the completion of a $1.3 billion offering of junior subordinated debentures on Friday. The sale included $600 million of Series 2025A Junior Subordinated Debentures due June 15, 2056, and $700 million of Series 2025B Junior Subordinated Debentures, also due June 15, 2056. The utility company, currently valued at $43.07 billion by market capitalization, has been managing its debt structure amid a period of strong performance, with its stock up approximately 35% over the past year.

According to the company’s statement based on an SEC filing, the Series 2025A debentures will pay interest at an annual rate of 5.875% from the date of issuance until June 15, 2031. After that date, the interest rate will reset every five years to the then-current Five-Year Treasury Rate plus 2.179%, but will not fall below 5.875%.

The Series 2025B debentures will pay interest at an annual rate of 6.100% until June 15, 2036. After this period, the rate will reset every five years to the Five-Year Treasury Rate plus 2.013%, with a minimum rate of 6.100%.

The debentures were sold pursuant to Entergy’s shelf registration statement on Form S-3, which became effective upon filing. The securities were issued under the company’s existing indenture for unsecured subordinated debt, as supplemented by officers’ certificates dated November 4, 2025.

Entergy’s common stock is listed on the New York Stock Exchange under the ticker ETR.

This information is based on a company statement filed with the Securities and Exchange Commission.

In other recent news, Entergy Corporation reported its third-quarter 2025 earnings, which exceeded earnings per share (EPS) expectations but fell short on revenue forecasts. The adjusted EPS was $1.53, surpassing the projected $1.45, while revenue reached $3.65 billion, missing the anticipated $3.78 billion. Entergy also announced an increase in its quarterly dividend payment to shareholders by 6.7%, raising it to $0.64 per share. This dividend will be payable on December 1, 2025, to shareholders recorded by November 13, 2025. Additionally, Entergy appointed retired Admiral Frank Caldwell to its board of directors, effective November 1, 2025. Caldwell will serve on the nuclear and operations oversight, and talent and compensation committees. In another development, Marcus Brown, Entergy’s Executive Vice President and General Counsel, plans to retire in spring 2026, transitioning to an advisory role in December 2025.

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