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Entergy Texas to offer first mortgage bonds via two bookrunners
By Devika Patel
Knoxville, Tenn., Aug. 11 – Entergy Texas Inc. intends to price first mortgage bonds, according to a 424B3 filing with the Securities and Exchange Commission.
The bonds have a make-whole call and then a par call.
Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. are the bookrunners.
Proceeds will be used to repay at maturity all of the company’s $75 million of 4.1% first mortgage bonds due Sept. 1, 2021 and for general corporate purposes.
Entergy Texas is a Beaumont, Tex.-based energy provider.
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