Entergy New Orleans enters $70M term loan at 2.50% fixed rate maturing May 2023

ENTERGY NEW ORLEANS, LLC

Entered $70M unsecured term loan under amended Credit Agreement dated Nov 9, 2021.
Fixed interest rate of 2.50% per annum, payable quarterly.
Loan matures May 31, 2023; may be prepaid with a premium.
Covenant requires consolidated debt ratio ≤65% of total capitalization.
Lender group led by Bank of America, N.A. as Administrative Agent.

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