Entergy New Orleans closes $209.3M storm recovery bond securitization for Hurricane Ida costs

ENTERGY NEW ORLEANS, LLC

Issued $209.3M storm recovery bonds by Louisiana Local Government Environmental Facilities and Community Development Authority.
Net proceeds used to purchase Storm Recovery Property from ENO; ENO to fund $200M storm recovery reserves.
Bonds are not obligations of ENO; ENO will act as initial servicer under a servicing agreement.

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