Entergy Louisiana to repay 5.56%, 5.09%, 5.5% first mortgage bonds

By Angela McDaniels

Tacoma, Wash., Sept. 21 - Entergy Louisiana, LLC plans to use the proceeds from an offering of new first mortgage bonds to repay three series of its existing first mortgage bonds prior to maturity, according to a 424B3 filing with the Securities and Exchange Commission.

The notes to be repaid are the company's $100 million of 5.56% first mortgage bonds due Sept. 1, 2015, $115 million of 5.09% first mortgage bonds due Nov. 1, 2014 and $100 million of 5.5% first mortgage bonds due April 1, 2019.

The company will pay par plus accrued interest up to the redemption date.

Entergy Louisiana is a public electric utility based in Baton Rouge, La. It is owned indirectly by Entergy Corp.

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