News Center > Entergy Mississippi, Inc. Announces Redemption of First Mortgage Bonds, 6.20% Series due April 15, 2040 and First Mortgage Bonds, 6.0% Series due May 1, 2051
Entergy Mississippi, Inc. Announces Redemption of First Mortgage Bonds, 6.20% Series due April 15, 2040 and First Mortgage Bonds, 6.0% Series due May 1, 2051
New Orleans – Entergy Mississippi, Inc. announced today that on Oct. 17, 2016 (the “Redemption Date”), it will redeem all (i) $80,000,000 principal amount of its outstanding First Mortgage Bonds, 6.20% Series due April 15, 2040 (the “2040 Bonds”) and (ii) $150,000,000 principal amount of its outstanding First Mortgage Bonds, 6.0% Series due May 1, 2051 (the “2051 Bonds”), in each case, at the redemption price of 100 percent of the principal amount of such 2040 Bonds or 2051 Bonds (the “Redemption Price”), plus accrued interest thereon to but excluding the Redemption Date. The 2040 Bonds and the 2051 Bonds are each listed on the New York Stock Exchange and trade under the symbols EFM and EMZ, respectively.
On the Redemption Date, provided that the trustee has received sufficient funds to complete the redemption of the 2040 Bonds or the 2051 Bonds, the Redemption Price for the applicable bonds, together with accrued interest thereon to but excluding the Redemption Date, shall become due and payable, and on and after the Redemption Date, such bonds shall cease to bear interest. Payment of the Redemption Price for, and accrued interest on, such bonds will be made on or after the Redemption Date upon presentation and surrender of such bonds to The Bank of New York Mellon, Bondmaster Ops – Syracuse – Vault, 111 Sanders Creek Parkway, East Syracuse, New York 13057.
Entergy Mississippi, Inc. provides electricity to approximately 445,000 customers in 45 counties. Entergy Mississippi 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.