New Issue: Entergy New Orleans lines up $150 million three-part placement of bonds

By Wendy Van Sickle

Columbus, Ohio, April 3 – Entergy New Orleans, LLC entered an agreement for a private placement of $150 million first mortgage bonds on April 3, according to an 8-K filed with the Securities and Exchange Commission.

The bonds include $35 million of 6.25% five-year bonds; $65 million of 6.41% seven-year bonds; and $50 million of 6.54% 10-year bonds.

Entergy New Orleans is a New Orleans-based electric and gas utility and subsidiary of Entergy Corp.

Issuer:	Entergy New Orleans, LLC
Amount:	$150 million
Issue:	First mortgage bonds
Agreement date:	April 3
Settlement date:	May 23
Distribution:	Private placement
Five-year notes
Amount:	$35 million
Maturity:	June 15, 2029
Coupon:	6.25%
Call:	Make-whole call until May 15, 2029, then a par call
Seven-year notes
Amount:	$65 million
Maturity:	June 15, 2031
Coupon:	6.41%
Call:	Make-whole call until May 15, 2031, then a par call
10-year notes
Amount:	$50 million
Maturity:	June 15, 2034
Coupon:	6.54%
Call:	Make-whole call until March 15, 2034, then a par call

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