By Sheri Kasprzak
New York, Oct. 12 - The Louisiana Public Facilities Authority priced $115.635 million in series 2010 revenue bonds for Entergy Gulf States Louisiana LLC, according to a pricing sheet and an 8-K filed Tuesday with the Securities and Exchange Commission.
The bonds priced Oct. 5 through Morgan Stanley & Co. Inc. and KeyBanc Capital Markets LLC. The co-managers were BNY Mellon Capital Markets LLC, Morgan Keegan & Co. Inc. and Stephens Inc.
The sale included $83.68 million in series 2010A tax-exempt bonds and $31.955 million in series 2010B tax-exempt bonds.
The 2010A bonds are due Sept. 1, 2028 and have a 5% coupon priced at par. The 2010B bonds are due Nov. 1, 2015 and have a 2.875% coupon, also priced at par.
Proceeds will be used to refund Entergy's outstanding series 1999A-B bonds, which were used to finance pollution control measures.
| Issuer: | Louisiana Public Facilities Authority/Entergy Gulf States Louisiana LLC
|
| Issue: | Series 2010A-B revenue bonds
|
| Amount: | $115.635 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. Inc. and KeyBanc Capital Markets LLC (lead), BNY Mellon Capital Markets LLC, Morgan Keegan & Co. Inc. and Stephens Inc. (co-managers)
|
| Pricing date: | Oct. 5
|
|
|
| $83.68 million series 2010A
|
| Maturity | Type | Coupon | Price
|
| Sept. 1, 2028 | Term | 5% | 100
|
|
|
| $31.955 million series 2010B
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2015 | Term | 2.875% | 100
|
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