Entergy Louisiana offers new fixed- and floating-rate mortgage bonds

By Rebecca Melvin

New York, Nov. 17 – Entergy Louisiana LLC plans to sell collateral trust mortgage bonds in two tranches, including a series of fixed-rate notes and a series of floating-rate bonds, according to a 424B3 filed with the Securities and Exchange Commission.

The bonds are freely callable at par plus accrued and unpaid interest.

BofA Securities Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the bookrunners.

Siebert Williams Shank & Co. LLC is the co-manager.

Proceeds will be used to finance, on an interim basis, costs associated with restoration related to Hurricanes Laura, Delta and Zeta with any remaining proceeds to be used for general corporate purposes.

Entergy Louisiana is a Jefferson, La.-based energy provider.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.