Entergy Arkansas talks $325 million 10-year bonds at Treasuries plus 155 bps area; pricing Tuesday

By Aleesia Forni

New York, Jan. 5 – Entergy Arkansas Inc. set price talk for a $325 million offering of 10-year first mortgage bonds in the 155 basis points area over Treasuries, according to market sources and a 424B3 filed with the Securities and Exchange Commission.

The notes (A3/A-) are expected to price on Tuesday.

BNY Mellon Capital Markets LLC, Goldman Sachs & Co., Scotia Capital (USA) and Stephens Inc. are the bookrunners.

Co-managers are Regions Securities LLC, Mischler Financial Group Inc. and Williams Capital Group LP.

Proceeds will be used to finance the purchase of a power block at the Union Power Station from Union Power Partners, LP for roughly $237 million, to redeem the company’s $175 million of 5.66% first mortgage bonds due February 2025 and for general corporate purposes.

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

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