Entergy Arkansas to redeem $289.5 million of mortgage, revenue bonds

By Melissa Kory

Cleveland, Nov. 9 - Entergy Arkansas, Inc. announced that it intends to repay in full all of its outstanding $150 million 5.4% series first mortgage bonds due May 1, 2018, its $120 million Pope County, Ark., 6.3% series 1995 pollution control revenue refunding bonds due Nov. 1, 2020 and its $19.5 million Pope County, Ark., 6.3% series 1994 pollution control revenue refunding bonds due Dec. 1, 2016.

The redemptions will be made using the proceeds from Entergy's proposed offering of first mortgage bonds on Nov. 9.

The series of notes will be redeemed prior to maturity at par, plus accrued interest up to the designated redemption dates.

Remaining proceeds from the offering will be used for general corporate purposes.

The electric company is based in Little Rock, Ark.

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