Entergy Louisiana intends to sell collateral trust mortgage bonds

By Devika Patel

Knoxville, Tenn., March 20 – Entergy Louisiana LLC intends to sell collateral trust mortgage bonds, according to a 424B3 filed with the Securities and Exchange Commission.

The notes will feature a make-whole call until three months prior to maturity and then are callable at par.

J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners.

KeyBanc Capital Markets Inc., Mischler Financial Group Inc. and Regions Securities LLC are the co-managers.

Proceeds will be used for construction of the Lake Charles Power Station and the St. Charles Power Station, repayment at maturity of about $375 million of the company’s 6% first mortgage bonds due May 1, 2018, repayment of borrowings from the Entergy system money pool, repayment of approximately $100 million of borrowings under the company’s $350 million credit facility and general corporate purposes.

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

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