Entergy Arkansas eyeing offering of first mortgage bonds

By Aleesia Forni

Virginia Beach, March 10 - Entergy Arkansas Inc. is planning to price an offering of first mortgage bonds, according to a 424B3 filed with the Securities and Exchange Commission.

BNY Mellon Capital Markets LLC, CIBC World Markets, Mitsubishi UFJ Securities, Stephens Inc., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the joint bookrunners.

U.S. Bancorp Investments Inc. and Williams Capital Group LP are the co-managers.

Proceeds will be used to repay all borrowings under the company's $250 million credit facility, to redeem its $115 million of 5% first mortgage bonds due July 2018 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.