ENTERGY NEW ORLEANS, LLC (ENJ): debt financing — Entergy New Orleans extends term loan to June 2024, ups size to $85M, rate to 6.25%

ENTERGY NEW ORLEANS, LLC

Maturity extended from May 31, 2023 to June 3, 2024 for existing $70M term loan.
Loan increased by $15M to $85M via Incremental Term Loan.
Interest rate raised from 2.50% to 6.25% per annum effective May 31, 2023.
Bank of America, N.A. remains Administrative Agent under the amended agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ENTERGY NEW ORLEANS, LLC amended credit facility of $15 million with Bank of America, N.A. at 6.25% per annum maturing June 3, 2024.

Instrument: credit facility
Principal: $15 million
Counterparty: Bank of America, N.A.
Rate: 6.25% per annum
Maturity: June 3, 2024
Event: amendment

Exact text from the filing

the Credit Agreement (each, a “ Term Loan ”) from May 31, 2023 to June 3, 2024, (ii) providing for additional commitments and additional Term Loans in the aggregate amount of $15 million (each, an “ Incremental Term Loan ”), (iii) increasing the fixed interest rate payable on the unpaid principal amount of each Term Loan (including each Incremental Term Loan)

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ENTERGY NEW ORLEANS, LLC filing history →

Source: SEC EDGAR

accession 0000071508-23-000004

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