Financing ·
Entergy Corporation entered into an underwriting agreement on August 4, 2026, to sell $1.5 billion in aggregate…
ETREntergy Corp
Entergy Corporation entered into an underwriting agreement on August 4, 2026, to sell $1.5 billion in aggregate principal amount of junior subordinated debentures. The issuance consists of two series: $750 million due December 15, 2056 (Series 2026A) and $750 million due December 15, 2058 (Series 2026B). Both series carry an initial fixed interest rate of 6.500%, which resets to the Five-Year Treasury Rate plus a spread after five years for Series 2026A and three years for Series 2026B, with a floor of 6.500%. The transaction closed on August 7, 2026. Entergy Corporation operates in the electric utility industry, providing electricity to customers primarily in Louisiana, Mississippi, Arkansas, Texas, and New York.