ENTERGY NEW ORLEANS, LLC (ENJ): debt financing — Entergy New Orleans enters $80M term loan credit agreement maturing March 2026

ENTERGY NEW ORLEANS, LLC

$80 million term loan, one-time draw by March 21, 2025, matures March 20, 2026.
Interest at base rate or SOFR plus margin; quarterly payments.
Covenant: consolidated debt ratio ≤ 65% of total capitalization.
Prepayable voluntarily; acceleration upon events of default including change of control of parent.
Bank of America as Administrative Agent; up-front fee on loan amount.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ENTERGY NEW ORLEANS, LLC incurred term loan of $80 million with Bank of America, N.A., as Administrative Agent at an applicable margin, plus, at the Company's option, either (x) a base rate dete maturing March 20, 2026.

Instrument: term loan
Principal: $80 million
Counterparty: Bank of America, N.A., as Administrative Agent
Rate: an applicable margin, plus, at the Company's option, either (x) a base rate dete
Maturity: March 20, 2026
Event: incurrence

Exact text from the filing

On February 21, 2025, Entergy New Orleans, LLC (the “ Company ”), as borrower, entered into a term loan credit agreement dated as of February 21, 2025 (the “ Credit Agreement ”), by and among the Company, the lenders party thereto and Bank of America, N.A., as Administrative Agent (the “ Administrative Agent ”). The Credit Agreement provides for term loans in the aggregate principal amount of $80 million (the “ Term Loan ”)

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Source: SEC EDGAR

accession 0000071508-25-000004

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