Entergy Corporation Announces Sale of Junior Subordinated Debentures

Details

The Series 2025A Junior Subordinated Debentures carry an initial interest rate of 5.875% until June 15, 2031, after which the interest rate will reset based on the Five-Year Treasury Rate plus 2.179%. Similarly, the Series 2025B Junior Subordinated Debentures have an initial interest rate of 6.100% until June 15, 2036, after which the rate will also reset based on the Five-Year Treasury Rate plus 2.013%. These debentures were offered under the Company's Registration Statement on Form S-3 and issued under its Indenture for Unsecured Subordinated Debt Securities.

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About Entergy Corporation

Entergy Corporation is a North American electric utility company that operates within the business sector of energy production and distribution. Its primary function is to generate and deliver electricity to its extensive customer base across several states, including Arkansas, Louisiana, Mississippi, and Texas. Entergy is a key player in both the regulated utilities and the merchant power sectors, boasting a diverse portfolio of energy sources, including natural gas, nuclear, coal, hydroelectric, and renewable energy assets. This provides the company with the flexibility to manage its operations efficiently and sustainably. Entergy's nuclear power operations, in particular, make it one of the largest producers of nuclear electricity in the United States, significantly impacting the energy industry by contributing to low-emission power generation. The corporation's strategic investments in infrastructure and commitment to environmental stewardship enhance its role in the transition to clean energy. Headquartered in New Orleans, Louisiana, Entergy Corporation's activities are crucial for regional power reliability, economic growth, and energy innovation.