Entergy plans to pay down credit facility with senior notes proceeds

By Ashley Montgomery

Kansas City, Kan., Jan. 10 - Entergy Corp. said it plans to use the proceeds from its offering of senior notes due 2017 to repay its $3.5 billion revolving credit facility due August 2012.

As of Jan. 6, the company owed $1.9 billion under that facility, according to a filing with the Securities and Exchange Commission.

Any remaining proceeds will be used for general corporate purposes.

Entergy is an integrated energy company based in New Orleans.

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