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Entergy Arkansas plans to price offering of first mortgage bonds
By Marisa Wong
Los Angeles, Sept. 8 – Entergy Arkansas, LLC plans to price a series of first mortgage bonds, according to a 424B3 filing with the Securities and Exchange Commission.
J.P. Morgan Securities LLC, Regions Securities LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Stephens Inc. and U.S. Bancorp Investments, Inc. are the joint bookrunners with Loop Capital Markets LLC as co-manager.
Proceeds will be used to repay prior to maturity some or all of Entergy’s $350 million 3.75% first mortgage bonds due Feb. 15, 2021, $200 million 4.9% first mortgage bonds due Dec. 1, 2052 and $125 million 4.75% first mortgage bonds due June 1, 2063; and for general corporate purposes.
The electric utility is based in Little Rock, Ark.
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