News Center > Entergy Arkansas, Inc. Announces Redemption of First Mortgage Bonds, 5.75% Series due November 1, 2040
Entergy Arkansas, Inc. Announces Redemption of First Mortgage Bonds, 5.75% Series due November 1, 2040
New Orleans, La. – Entergy Arkansas, Inc. announced today that on September 15, 2016 (the “Redemption Date”), it will redeem all $225,000,000 principal amount of its outstanding First Mortgage Bonds, 5.75% Series due November 1, 2040, (the “Bonds”), at the redemption price of 100 percent of the principal amount thereof (the “Redemption Price”) plus accrued interest thereon to but excluding the Redemption Date. The Bonds are listed on the New York Stock Exchange and trade under the symbol EAA.
On the Redemption Date, provided that the corporate trustee, Deutsche Bank Trust Company Americas, has received sufficient funds to complete the redemption, the Redemption Price, together with accrued interest to but excluding the Redemption Date, shall become due and payable on each Bond, and on and after the Redemption Date, the Bonds shall cease to bear interest. Payment of the Redemption Price and accrued interest will be made on or after the Redemption Date upon presentation and surrender of the Bonds to DB Services Americas, Inc., MS JCK01-D218, 5022 Gate Parkway, Jacksonville, Florida 32256.
Entergy Arkansas provides electricity to approximately 700,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation (NYSE: ETR), an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including nearly 10,000 megawatts of nuclear power. Entergy delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of approximately $11.5 billion and more than 13,000 employees.