debt
confidence high
sentiment neutral
materiality 0.50
Entergy issues $1.5B junior subordinated debentures in two tranches, closes Aug 7
ENTERGY CORP /DE/
- Entergy sold $750M Series 2026A debentures due 2056 and $750M Series 2026B due 2058 on Aug 7, 2026.
- Both tranches pay 6.500% initially; Series A resets after 2036 at 5-yr Treasury +1.877%, Series B after 2033 at +2.030%.
- Interest rates carry a 6.500% floor for each series; reset rates cannot fall below initial coupon.
- Offered under Form S-3 (No. 333-289302); terms set via Officer's Certificates dated Aug 4, 2026.