Entergy Arkansas offers 3.5% first mortgage bonds due 2026

By Lisa Kerner

Charlotte, N.C., June 13 – Entergy Arkansas, Inc. is offering 3.5% first mortgage bonds due April 1, 2026, according to a 424B3 filed with Securities and Exchange Commission.

The sale is a further issuance of the company’s $325 million of 3.5% first mortgage bonds due April 1, 2026, issued on Jan. 8.

Morgan Stanley & Co. LLC and Stephens Inc. are the bookrunners.

Proceeds will be used to redeem, prior to maturity, $60 million of the company’s 6.38% first mortgage bonds due November 2034 and for general corporate purposes.

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

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