Entergy Arkansas offers fixed-rate first mortgage bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 14 – Entergy Arkansas, LLC is offering fixed-rate first mortgage bonds, according to a 424B3 filing with the Securities and Exchange Commission.

The notes have a make-whole call option followed by a par call option.

Citibank Global Markets, Inc., J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc. and Stephens Inc. are the joint bookrunners.

Mischler Financial Group, Inc. is the co-manager.

Morgan, Lewis & Bockius LLP (New York law), Eldredge & Clark, LLP (Arkansas law) and Jennings, Strouss & Salmon, PLLC (Texas law) are advising the issuer. Pillsbury Winthrop Shaw Pittman LLP is advising the bookrunners.

Proceeds will be used to repay debt incurred under the company’s $150 million revolving credit facility which expires in June 2028, to repay borrowings under the Entergy system money pool and/or for general corporate purposes. Under the Entergy system money pool Entergy had approximately $132 million of outstanding obligations bearing interest at the weighted average rate of 5.22% per year as of Aug. 9.

Entergy Arkansas is a Little Rock, Ark.-based energy provider.

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