other material
confidence high
sentiment neutral
materiality 0.50
Entergy settles forward sale agreements for 7.69M shares, netting ~$853M in cash
ENTERGY CORP /DE/
- Physically settled 7,488,419 shares on Nov 8, 2022 for ~$830M in cash proceeds.
- Remaining 200,000 shares under JPMorgan agreement to settle Nov 15, 2022 for ~$23M.
- Total proceeds ~$853M from settlement of 7,688,419 shares under the $2B equity distribution program.
- Forward sale prices adjusted per initial terms; program previously disclosed in Jan 2021.