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Entergy Louisiana closes sale of $750M mortgage bonds

Entergy Louisiana LLC on March 23 closed the sale of $750 million of its 4% collateral trust mortgage bonds due March 15, 2033.

The Entergy Corp. subsidiary plans to use the sale proceed to finance construction of the Lake Charles and St. Charles combined-cycle, gas-fired power facilities, repay about $375 million of its 6% first mortgage bonds due May 1, repay borrowings from the Entergy system money pool, repay about $100 million under its $350 million credit facility and for general corporate purposes.

J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities LLC acted as joint book-running managers. KeyBanc Capital Markets Inc., Regions Securities LLC and Mischler Financial Group Inc. served as co-managers.