Loan & DebtAug 7, 2026, 10:43 AM
Entergy Issues $1.5B Junior Subordinated Debentures
AI Summary
Entergy Corporation entered into an underwriting agreement for the sale of $1.5 billion in Junior Subordinated Debentures. This includes two series: Series 2026A for $750 million due December 15, 2056, and Series 2026B for $750 million due December 15, 2058. Both series carry an initial annual interest rate of 6.500% for a specified period before resetting based on the Five-Year Treasury Rate. The sale officially closed on August 7, 2026.
Key Highlights
- Entergy issued $1,500,000,000 in aggregate principal amount of Junior Subordinated Debentures.
- Series 2026A Junior Subordinated Debentures total $750,000,000, due December 15, 2056.
- Series 2026A debentures have an initial annual interest rate of 6.500% until December 15, 2036.
- Series 2026B Junior Subordinated Debentures total $750,000,000, due December 15, 2058.
- Series 2026B debentures have an initial annual interest rate of 6.500% until December 15, 2033.
- The sale of the Junior Subordinated Debentures closed on August 7, 2026.
Price Impact
More from ETR