Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Entergy Louisiana LLC > News item |
Entergy Louisiana’s 4.875% $25-par mortgage bonds admitted to NYSE
By Stephanie N. Rotondo
Seattle, Aug. 18 – Entergy Louisiana LLC’s $270 million of 4.875% $25-par collateral trust mortgage bonds due Sept. 1, 2066 listed on the New York Stock Exchange on Thursday, a market source reported.
The ticker symbol is “ELC.” The deal came Aug. 10. Price talk was 4.875%.
BofA Merrill Lynch, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC were the joint bookrunners. Co-managers were J.P. Morgan Securities LLC, Goldman Sachs & Co. and Ramirez & Co. Inc.
Interest is payable on the first day of March, June, September and December, beginning Dec. 1. The bonds become redeemable Sept. 1, 2021 at par pus accrued interest.
Proceeds will be used, along with available cash, to redeem $268 million of first mortgage bonds maturing between 2040 and 2041 and bearing interest between 5.875% and 6% and for general corporate purposes.
Entergy Louisiana is a Jefferson, La.-based subsidiary of energy producer Entergy Corp.
© 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.