Entergy Corporation announced the closing of a sale of $1.5 billion in aggregate principal amount of its Junior Subordinated Debentures. The offering, which closed on August 7, 2026, consists of two separate series of debentures with different maturity dates and interest rate terms.
Key Details
- Total Offering: $1.5 billion, comprising two tranches of $750 million each.
- Series 2026A Debentures: $750 million due December 15, 2056, with an initial annual interest rate of 6.500% until December 15, 2036.
- Series 2026B Debentures: $750 million due December 15, 2058, with an initial annual interest rate of 6.500% until December 15, 2033.
- Interest Rate Reset: After their initial fixed-rate periods, the interest rates for both series will reset based on the Five-Year Treasury Rate plus a specified spread, with a floor of 6.500%.