Entergy Louisiana Issues $1.5B Collateral Trust Mortgage Bonds

What Happened
Entergy Louisiana, LLC announced it entered into an Underwriting Agreement and closed the sale on February 26, 2026, of $750 million of Collateral Trust Mortgage Bonds, 4.90% Series due April 15, 2036, and $750 million of Collateral Trust Mortgage Bonds, 5.65% Series due April 15, 2056 (total $1.5 billion). The bonds were registered under the company’s automatic shelf Registration Statement on Form S-3 (File No. 333-289302-04), which was effective upon filing.

Key Details

• $750,000,000 4.90% Series due April 15, 2036.
• $750,000,000 5.65% Series due April 15, 2056.
• Sale closed and bonds issued on February 26, 2026.
• Bonds are Collateral Trust Mortgage Bonds issued under Entergy Louisiana’s Mortgage and Deed of Trust (dated Nov 1, 2015); legal opinions and related consents were filed as exhibits.

Why It Matters
This transaction increases Entergy Louisiana’s long-term debt by $1.5 billion and establishes fixed interest obligations at 4.90% and 5.65% through 2036 and 2056, respectively. Investors should note the added debt and coupon rates when evaluating the company’s future interest expense, capital structure, and liquidity profile. The filing confirms the bonds were registered under an effective Form S-3 shelf registration, facilitating the public offering.