Entergy Louisiana to repay 5¼%, 4 7/8%, 5.7% first mortgage bonds

By Susanna Moon

Chicago, Sept. 27 - Entergy Gulf States Louisiana, LLC plans to use the proceeds from an offering of new callable first mortgage bonds to repay three additional series of its first mortgage bonds prior to maturity, according to a 424B3 filing with the Securities and Exchange Commission.

The company plans to redeem its $92.12 million outstanding 5¼% series due Aug. 1, 2015, its $200 million outstanding 4 7/8% series due Nov. 1, 2011 and its $40 million outstanding 5.7% series due June 1, 2015.

The company will pay par plus accrued interest for the notes.

Entergy said on Sept. 21 that it planned to use the proceeds from an offering of new first mortgage bonds to repay three other series of first mortgage bonds.

The notes to be repaid are the company's $100 million of 5.56% first mortgage bonds due Sept. 1, 2015, $115 million of 5.09% first mortgage bonds due Nov. 1, 2014 and $100 million of 5.5% first mortgage bonds due April 1, 2019.

Entergy Louisiana is a public electric utility based in Baton Rouge, La. It is owned indirectly by Entergy Corp.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.