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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/18/22 Entergy Louisiana, LLC FWP 1:32K Entergy Louisiana, LLC Entergy Corp. |
Document/Exhibit Description Pages Size 1: FWP Free-Writing Prospectus HTML 30K
Document |
Issuer: | Entergy Louisiana, LLC | |||||||
Security Type: | Collateral Trust Mortgage Bonds (SEC Registered) | |||||||
Expected
Ratings(1): | A2 (negative outlook) by Moody’s Investors Service, Inc. A (stable outlook) by S&P Global Ratings | |||||||
Trade Date: | August 18, 2022 | |||||||
Settlement Date (T+4)(2): | August 24, 2022 | |||||||
Principal Amount: | $500,000,000 | |||||||
Interest Rate: | 4.75% | |||||||
Interest Payment Dates: | March
15 and September 15 of each year | |||||||
First Interest Payment Date: | March 15, 2023 | |||||||
Final Maturity Date: | September 15, 2052 | |||||||
Optional Redemption Terms: | Make-whole call at any time prior to March 15, 2052 at a discount rate of Treasury plus 25 bps and, thereafter, at par. | |||||||
Benchmark Treasury: | 2.875% due May 15, 2052 | |||||||
Benchmark Treasury Price: | 94–17+ | |||||||
Benchmark
Treasury Yield: | 3.159% | |||||||
Spread to Benchmark Treasury: | 162.5 bps | |||||||
Re-offer Yield: | 4.784% |
Price
to Public: | 99.457% of the principal amount | |||||||
Net Proceeds Before Expenses: | $492,910,000 | |||||||
CUSIP / ISIN: | 29364W BL1 / US29364WBL19 | |||||||
Joint
Book-Running Managers: | Barclays Capital Inc. BNP Paribas Securities Corp. BofA Securities, Inc. Morgan Stanley & Co. LLC Scotia Capital (USA) Inc. | |||||||
Co-Manager: | Siebert Williams Shank & Co., LLC | |||||||
(1) | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. | ||||
(2) | It is expected that delivery of the bonds will be made on or about August 24, 2022, which will be the fourth business day following the date hereof (such settlement being referred to as “T+4”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days (T+2), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds more than two business days prior to the scheduled settlement date will be required, by virtue of the fact that the bonds will initially settle in T+4, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds more than two business days prior to the scheduled settlement date should consult their own advisors. |
This ‘FWP’ Filing | Date | Other Filings | ||
---|---|---|---|---|
3/15/23 | ||||
8/24/22 | ||||
Filed on: | 8/18/22 | 424B3 | ||
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