Entergy Louisiana Finalizes $1.5 Billion Collateral Trust Mortgage Bond Offering
summarizeSummary
Entergy Louisiana finalized a $1.5 billion bond offering with two series of Collateral Trust Mortgage Bonds due 2036 and 2056, securing significant capital at stable ratings.
check_boxKey Events
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Finalizes $1.5 Billion Bond Offering
Entergy Louisiana, LLC finalized the terms for a $1.5 billion offering of Collateral Trust Mortgage Bonds, split into two series.
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Long-Term Debt Issued
The offering includes $750 million of 4.90% bonds due April 15, 2036, and $750 million of 5.65% bonds due April 15, 2056.
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Significant Capital Secured
The company expects to receive net proceeds of approximately $1.485 billion from the offering, before expenses.
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Stable Credit Ratings
The bonds received expected ratings of A2 (stable outlook) by Moody's and A (stable outlook) by S&P Global Ratings.
auto_awesomeAnalysis
This Free Writing Prospectus finalizes the terms for Entergy Louisiana's significant $1.5 billion bond offering, securing long-term capital. The offering consists of two series of Collateral Trust Mortgage Bonds, due in 2036 and 2056, with interest rates of 4.90% and 5.65% respectively. The successful pricing and issuance of these bonds, which received stable A2/A ratings, provide the company with substantial net proceeds of approximately $1.485 billion, bolstering its financial position and supporting ongoing operations or capital projects. This FWP finalizes the terms of an offering initiated with a preliminary prospectus supplement on February 23, 2026.
At the time of this filing, ELC was trading at $21.10 on NYSE in the Energy & Transportation sector. The 52-week trading range was $19.86 to $22.67. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.