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Entergy Arkansas will offer first mortgage bonds via five bookrunners
By Devika Patel
Knoxville, Tenn., May 8 – Entergy Arkansas Inc. intends to price first mortgage bonds, according to a 424B3 filing with the Securities and Exchange Commission.
The bonds have a make-whole call until three months prior to maturity and then a par call.
Barclays, BNY Mellon Capital Markets LLC, KeyBanc Capital Markets Inc., SMBC Nikko and Stephens Inc. are the bookrunners.
Proceeds will be used to redeem $31.35 million of the company’s preferred stock, paying dividends at 4.32% to 4.72% per year, and for general corporate purposes.
Entergy Arkansas is a Little Rock, Ark.-based energy provider.
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