Entergy Texas planning sale of first mortgage bonds

By Aleesia Forni

Virginia Beach, May 18 – Entergy Texas Inc. plans to price first mortgage bonds, according to a 424B3 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Morgan Stanley & Co. LLC, Scotia Capital, SMBC Nikko and Wells Fargo Securities LLC are the bookrunners.

The co-managers are Mischler Financial Group Inc., Regions Securities LLC, U.S. Bancorp Investments Inc. and Williams Capital Group LP.

Proceeds will be used to repay the company’s 3.6% first mortgage bonds due June 1, 2015 and for general corporate purposes.

Entergy Texas is a Beaumont, Texas-based energy provider.

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