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Entergy Texas to conduct two-part sale of first mortgage bonds
By Devika Patel
Knoxville, Tenn., Jan. 3 – Entergy Texas Inc. will price an offering of first mortgage bonds in two tranches, according to a 424B3 filed with the Securities and Exchange Commission.
The bonds have a make-whole call and then a par call.
BNP Paribas Securities Corp., KeyBanc Capital Markets Inc., Mizuho Securities USA Inc., MUFG and Scotia Capital (USA) Inc. are the bookrunners.
Loop Capital Markets LLC and Siebert Cisneros Shank & Co., LLC are the co-managers.
Proceeds will be used to repay at maturity the company’s $500 million of 7.125% first mortgage bonds due Feb. 1, 2019 and for general corporate purposes.
Entergy Texas is a Beaumont, Texas-based energy provider.
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