other material
confidence high
sentiment neutral
materiality 0.65
Entergy enters into forward sale agreements for 15.6M shares of common stock at $81.87 initial forward price
ENTERGY CORP /DE/
- Entered forward sale agreements with Morgan Stanley, BofA, JPMorgan, Mizuho for 15,568,863 shares.
- Initial forward price $81.87175/share; settlement by Sept 30, 2026 at company's election.
- Closed offering on March 19, 2025; shares borrowed from third parties and sold to underwriters.
- Settlement options: physical, cash, or net shares; potential dilution if physically settled.
- Forward price adjusted daily based on overnight bank funding rate minus 0.75% spread.