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Entergy Louisiana planning add-on to 4.95% mortgage bonds due 2045
By Aleesia Forni
New York. March 7 – Entergy Louisiana LLC plans to sell an add-on to its existing $250 million of 4.95% first mortgage bonds due Jan. 15, 2045, according to a 424B3 filed with the Securities and Exchange Commission.
The original issue of notes (A2/A-) sold Nov. 18, 2014 at Treasuries plus 192 basis points.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Wells Fargo Securities LLC were the joint bookrunners.
Proceeds will be used to pay $60 million to purchase interests of Unit No. 3 (nuclear) of the Waterford Steam Electric Station, to repay borrowings from the Entergy system money pool, to repay borrowings under a $350 million credit facility and for general corporate purposes.
Entergy Louisiana is a Jefferson, La.-based energy provider.
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