secwatch.observer — SEC 8-K summary
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Issuer:     ENTERGY CORP /DE/ (ETR)
CIK:        0000065984
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001193125-24-145672
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65984/000119312524145672/0001193125-24-145672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65984/000119312524145672/d828915d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145672

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