By Sheri Kasprzak
New York, Jan. 9 - Jefferson and Independence counties in Arkansas sold $99.7 million of series 2013 pollution control revenue refunding bonds for Entergy Arkansas Inc., according to a pricing sheet and a form 8-K filed with the Securities and Exchange Commission.
The deal included $54.7 million of Jefferson County bonds and $45 million of Independence County bonds.
The Jefferson County bonds are due Oct. 1, 2017, and have a 1.55% coupon priced at par. The Independence County bonds are due Jan. 1, 2021, and have a 2.375% coupon priced at par.
The bonds were sold through Morgan Stanley & Co. LLC and Stephens Inc. as the senior managers with SunTrust Robinson Humphrey as the co-manager.
Proceeds will be used to refund existing Entergy Arkansas debt.
| Issuer: | Jefferson County/Independence County, Ark. (for Entergy Arkansas Inc.)
|
| Issue: | Series 2013 pollution control revenue refunding bonds
|
| Amount: | $99.7 million
|
| Type: | Negotiated
|
| Underwriters: | Morgan Stanley & Co. LLC and Stephens Inc. (lead), SunTrust Robinson Humphrey (co-manager)
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 9
|
|
|
| $54.7 million Jefferson County bonds
|
| Maturity | Type | Coupon | Price
|
| Oct. 1, 2017 | Term | 1.55% | 100
|
|
|
| $45 million Independence County bonds
|
| Maturity | Type | Coupon | Price
|
| Jan. 1, 2021 | Term | 2.375% | 100
|
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