By Andrea Heisinger
New York, Nov. 18 - Entergy Louisiana, LLC priced an upsized $150 million, or 6 million, of 5.875% first mortgage bonds on Thursday at par of $25, an informed source said.
A source said Wednesday that the size was at $100 million but would likely grow.
The bonds (A3/A-/) are callable on or after Nov. 23, 2015 at par.
Citigroup Global Markets Inc., Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC were the bookrunners.
Co-managers were Morgan Keegan & Co. Inc., Ramirez & Co. Inc. and Stephens Inc.
Proceeds are going to be used for general corporate purposes.
The utility is based in Baton Rouge, La.
| Issuer: | Entergy Louisiana, LLC
|
| Issue: | First mortgage bonds
|
| Amount: | $150 million (6 million bonds), upsized from $100 million
|
| Maturity: | June 15, 2041
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., Wells Fargo Securities LLC
|
| Co-managers: | Morgan Keegan & Co. Inc., Ramirez & Co. Inc., Stephens Inc.
|
| Coupon: | 5.875%
|
| Price: | Par of $25
|
| Yield: | 5.875%
|
| Call: | At par on or after Nov. 23, 2015
|
| Trade date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Ratings: | Moody's: A3
|
| Standard & Poor's: A-
|
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