By Devika Patel
Knoxville, Tenn., March 26 – Entergy New Orleans, LLC completed a private placement of $140 million first mortgage bonds on March 26, according to an 8-K filed with the Securities and Exchange Commission.
The bonds were sold in two tranches as follows:
• $78 million of 3% five-year bonds; and
• $62 million of 3.75% 20-year bonds.
Entergy New Orleans is a New Orleans-based electric and gas utility and subsidiary of Entergy Corp.
| Issuer: | Entergy New Orleans, LLC
|
| Issue: | First mortgage bonds
|
| Amount: | $140 million
|
| Settlement date: | March 26
|
| Distribution: | Private placement
|
|
|
| Five-year notes
|
| Amount: | $78 million
|
| Maturity: | March 15, 2025
|
| Coupon: | 3%
|
| Call: | Make-whole call
|
|
|
| 20-year notes
|
| Amount: | $62 million
|
| Maturity: | March 15, 2040
|
| Coupon: | 3.75%
|
| Call: | Make-whole call
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
