Entergy Arkansas to pay down revolver with new first mortgage bonds

By Mary-Katherine Stinson

Lexington, Ky., Aug. 14 – Entergy Arkansas, LLC will use proceeds from an offering of fixed-rate first mortgage bonds to pay down debt under its $150 million revolving credit facility, according to a 424B3 filing with the Securities and Exchange Commission.

The revolver expires in June 2028.

Proceeds are also earmarked 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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