New Issue: Entergy Louisiana prices $170 million 5% 30-year bonds at par

By Aleesia Forni

Virginia Beach, June 17 – Entergy Louisiana LLC sold on Tuesday $170 million of 5% first mortgage bonds (A2/A-/) due 2044 at par with a spread of Treasuries plus 157.6 basis points, according to an FWP filing with the Securities and Exchange Commission.

J.P. Morgan Securities LLC, RBS Securities Inc., KeyBanc Capital Markets Inc. and SMBC Nikko Securities America were the joint bookrunners.

Proceeds will be used to repay borrowings under the company’s $200 million credit facility expiring March 9, 2018 and for general corporate purposes.

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

Issuer:	Entergy Louisiana, LLC
Amount:	$170 million
Proceeds:	$169,512,500
Maturity:	July 15, 2044
Securities:	First mortgage bonds
Bookrunners:	J.P. Morgan Securities LLC, RBS Securities Inc., KeyBanc Capital Markets Inc., SMBC Nikko Securities America
Coupon:	5%
Price:	Par
Yield:	5%
Spread:	Treasuries plus 157.6 bps
Call features:	Make-whole call at Treasuries plus 25 bps until July 15, 2024, then callable at par
Trade date:	June 17
Settlement date:	June 24
Ratings:	Moody's: A2
	Standard & Poor's: A-

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