other material
confidence high
sentiment neutral
materiality 0.60
Entergy settles forward sale agreements, delivers 15.6M shares for ~$806M
ENTERGY CORP /DE/
- Settled all outstanding Forward Sale Agreements by delivering 15,560,474 shares of common stock.
- Received total cash proceeds of approximately $806 million from the physical settlement.
- After settlement, still has forward agreements for 30,160,621 shares that would yield ~$2.3 billion if settled.
- The settlement occurred under the existing $4.0B at-the-market equity distribution program.