System Energy to price $200 million first mortgage bonds due 2025

By Marisa Wong

Los Angeles, Dec. 7 – System Energy Resources, Inc. plans to price $200 million of first mortgage bonds due Dec. 9, 2025, according to a 424B3 filing with the Securities and Exchange Commission.

Morgan Stanley & Co. LLC is the bookrunner.

Proceeds will be used for general corporate purposes, including the repayment of borrowings from the Entergy system money pool, which is an intercompany borrowing arrangement designed to reduce the Entergy utility subsidiaries’ dependence on short-term borrowings.

System Energy is a Jackson, Miss.-based nuclear power company and a subsidiary of Entergy Corp.

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