other material
confidence high
sentiment neutral
materiality 0.25
Entergy Texas sells 150k shares of 5.10% Series B Preferred to affiliate for $3.75M
ENTERGY TEXAS, INC.
- Sold 150,000 shares of 5.10% Series B Preferred Stock to affiliate for $3,750,000 total ($25/share liquidation value).
- Series B carries 5.10% cumulative dividend; redeemable at $25.50 before Nov 2026, $25.00 thereafter.
- Issuance exempt under Section 4(a)(2) as private placement.
- Resolution filed with Texas Secretary of State establishing terms.