debt
confidence high
sentiment neutral
materiality 0.30
Entergy closes over-allotment of 2.23M shares via forward sale agreements at $81.87
ENTERGY CORP /DE/
- Underwriters exercised over-allotment option for 2,227,538 shares on March 19, 2025.
- Entergy entered four forward sale agreements with Morgan Stanley, BofA, JPMorgan, Mizuho at initial forward price $81.87175.
- Forward sale agreements allow settlement at Entergy's discretion on or before September 30, 2026.
- Shares were borrowed from third parties and sold to underwriters on March 21, 2025; proceeds to Entergy on settlement.
- This follows the base offering of 15,568,863 shares announced in the prior 8-K on March 19, 2025.