Entergy Arkansas offers first mortgage bonds via six bookrunners

By Devika Patel

Knoxville, Tenn., March 24 – Entergy Arkansas Inc. intends to price dollar-denominated first mortgage bonds, according to a 424B3 filing with the Securities and Exchange Commission.

The bonds have a make-whole call and then a par call.

Barclays, Citigroup Global Markets Inc., Regions Securities LLC, Stephens Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to acquire the Searcy Power Station, to repay some debt, including the company's $150 million long-term revolving credit facility and its $25 million short-term revolving credit facility, and for general corporate purposes.

Entergy Arkansas is a Little Rock, Ark.-based energy provider.

© 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.