Chicago, Nov. 10 – Entergy Mississippi, LLC sold $200 million of 2.55% first mortgage bonds due Dec. 1, 2033 (A2/A) at 99.742 to yield 2.575% on Wednesday, according to a FWP filed with the Securities and Exchange Commission.
The notes priced with a spread of 105 basis points over the related Treasury note.
The notes have a make-whole call until Sept. 1, 2033 at Treasuries plus 20 bps and a par call thereafter.
Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc. are the bookrunners.
Proceeds will be used to repurchase or redeem outstanding securities either at maturity or early and for general corporate purposes.
Entergy Mississippi is a Jackson, Miss.-based energy provider.
| Issuer: | Entergy Mississippi, LLC
|
| Issue: | First mortgage bonds
|
| Amount: | $200 million
|
| Maturity: | Dec. 1, 2033
|
| Bookrunners: | Scotia Capital (USA) Inc. and U.S. Bancorp Investments, Inc.
|
| Trustee: | Bank of New York Mellon
|
| Counsel to issuer: | Morgan, Lewis & Bockius LLP (New York), Wise Carter Child & Caraway (Mississippi) and Duggins Wren Mann & Romero, LLP (Texas)
|
| Counsel to bookrunners: | Pillsbury Winthrop Shaw Pittman LLP
|
| Coupon: | 2.55%
|
| Price: | 99.742
|
| Yield: | 2.575%
|
| Spread: | Treasuries plus 105 bps
|
| Call features: | Make-whole call at Treasuries plus 20 bps until Sept. 1, 2033; par call thereafter
|
| Trade date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | SEC registered
|
| Cusip: | 29366WAC0
|
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