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Entergy New Orleans secures $70M term loan

Entergy New Orleans LLC entered into a credit agreement for a $70 million unsecured term loan maturing May 31, 2022.

The term loan bears a fixed interest rate of 3% per annum, payable quarterly on the last day of March, June, September and December, and has an up-front fee based on the term loan amount.

The Entergy Corp. subsidiary plans to use the amount for general corporate purposes.

The Bank of America NA served as administrative agent.