debt
confidence high
sentiment neutral
materiality 0.60
Entergy issues $1.3B in junior subordinated debentures in two tranches at 5.875% and 6.100%
ENTERGY CORP /DE/
- Sold $600M Series 2025A Junior Subordinated Debentures due 2056, initial rate 5.875%, reset after 2031 at 5yr Treasury + 2.179%.
- Sold $700M Series 2025B Junior Subordinated Debentures due 2056, initial rate 6.100%, reset after 2036 at 5yr Treasury + 2.013%.
- Each tranche has a rate floor equal to its initial rate; interest payable semiannually.
- Issuance closed November 7, 2025 under existing Form S-3 shelf registration.