Issuer: | Entergy Corporation | |
Security Type: | Senior Notes (SEC Registered) | |
Expected Ratings(1): | Baa2 (stable outlook) by Moody’s Investors Service BBB (stable outlook) by S&P Global Ratings | |
Trade Date: | May 13, 2020 | |
Settlement Date (T+4)(2): | May 19, 2020 | |
Principal Amount: | ||
2030 Notes: | $600,000,000 | |
2050 Notes: | $600,000,000 | |
Interest Rate: | ||
2030 Notes: | 2.80% | |
2050 Notes: | 3.75% | |
Interest Payment Dates: | June 15 and December 15 of each year | |
First Interest Payment Date: | December 15, 2020 | |
Final Maturity Date: | ||
2030 Notes: | June 15, 2030 | |
2050 Notes: | June 15, 2050 | |
Optional Redemption Terms: | ||
2030 Notes: | Make-whole call at any time prior to March 15, 2030 at a discount rate of Treasury plus 35 bps and, thereafter, at par | |
2050 Notes: | Make-whole call at any time prior to December 15, 2049 at a discount rate of Treasury plus 40 bps and, thereafter, at par |
Benchmark Treasury: | ||
2030 Notes: | 1.500% due February 15, 2030 | |
2050 Notes: | 2.375% due November 15, 2049 | |
Spread to Benchmark Treasury: | ||
2030 Notes: | +225 bps | |
2050 Notes: | +250 bps | |
Benchmark Treasury Price: | ||
2030 Notes: | 108-04 | |
2050 Notes: | 125-05 | |
Benchmark Treasury Yield: | ||
2030 Notes: | 0.640% | |
2050 Notes: | 1.340% | |
Re-offer Yield: | ||
2030 Notes: | 2.890% | |
2050 Notes: | 3.840% | |
Price to Public: | ||
2030 Notes: | 99.217% | |
2050 Notes: | 98.400% | |
Net Proceeds Before Expenses: | ||
2030 Notes: | $591,402,000 | |
2050 Notes: | $585,150,000 | |
CUSIP / ISIN: | ||
2030 Notes: | 29364G AL7 / US29364GAL77 | |
2050 Notes: | 29364G AK9 / US29364GAK94 | |
Joint Book-Running Managers: | Barclays Capital Inc. | |
Citigroup Global Markets Inc. | ||
Goldman Sachs & Co. LLC | ||
J.P. Morgan Securities LLC | ||
Morgan Stanley & Co. LLC BNP Paribas Securities Corp. BofA Securities, Inc. KeyBanc Capital Markets Inc. Mizuho Securities USA LLC Scotia Capital (USA) Inc. Wells Fargo Securities, LLC | ||
This website contains, and has materials that contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "expected", "will" and similar expressions are intended to identify forward-looking statements. Entergy's expectations regarding any specific matter is only its forecast regarding the matter. A forecast may be substantially different from actual results, which are effected by various factors that are in Entergy's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.