Entergy issues $1.2B of 7.125% junior subordinated debentures due 2054

ENTERGY CORP /DE/

Sale of $1.2B in Junior Subordinated Debentures due December 1, 2054 closed May 23, 2024.
Interest at 7.125% annually through Nov 30, 2029, then resets quarterly at 5-Year Treasury + 2.67%.
Entergy may defer interest for up to ten consecutive years at its option.
Dividend restrictions on common stock apply during any interest deferral or payment default periods.
Proceeds used for general corporate purposes; securities offered under existing shelf registration.

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