secwatch.observer — SEC 8-K summary
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Issuer:     ENTERGY NEW ORLEANS, LLC (ENJ)
CIK:        0000071508
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000071508-25-000004
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Entergy New Orleans enters $80M term loan credit agreement maturing March 2026
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/71508/000007150825000004/0000071508-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/71508/000007150825000004/etr-20250221.htm
  HTML page:      https://secwatch.observer/filing/0000071508-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer