Entergy Louisiana enters $1.2B unsecured term loan maturing June 22, 2023

ENTERGY LOUISIANA, LLC

Borrowed $1.2 billion via unsecured term loan under credit agreement dated Dec 22, 2021; Bank of Nova Scotia as Administrative Agent.
Loan matures on June 22, 2023; variable interest rate payable quarterly with no prepayment premium.
Covenant requires consolidated debt ratio of 65% or less of total capitalization; other customary covenants apply.
Proceeds not specified; loan supports general corporate purposes of Entergy Louisiana, LLC.

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