#USA #New Orleans #Entergy Corporation #NYSE ETR #common stock offering

Entergy Corporation Launches Major Common Stock Offering

Entergy Corporation, the renowned integrated energy company based in New Orleans, has recently made headlines by announcing the pricing of a registered underwritten offering of 15,568,863 shares of its common stock. The shares are priced at $83.50 each, generated significant interest among investors and market analysts, displaying Entergy's robust potential and strategies for future growth.

The underwriters for this offering include prominent financial institutions such as Morgan Stanley, BofA Securities, J.P. Morgan, and Mizuho, all of whom are acting as joint book-running managers. This orchestrated effort is a testament to Entergy's credibility in the market and showcases the confidence these leading banks have in the company's future.

Forward Sale Agreements and Additional Options

In addition to the initial offering, Entergy has entered into forward sale agreements with its financial partners, which entails selling the agreed shares at a future date. This innovative approach not only manages financial risk effectively but also allows Entergy to adjust to market conditions dynamically. The company's decision to provide underwriters with a 30-day option to purchase an additional 2,335,328 shares further strengthens its strategic position.

The settlement for the forward sale agreements is projected to occur by September 30, 2026. Depending on certain market conditions, Entergy may opt for cash settlements or physical settlements. If physical settlements are chosen, the net proceeds will be utilized for various corporate purposes, such as repaying commercial paper or servicing debt.

Meeting Regulatory Requirements

This offering is being conducted in accordance with Entergy's effective shelf registration filed with the U.S. Securities and Exchange Commission (SEC). Detailed prospectus supplements along with accompanying base prospectuses related to the offering will be accessible through the SEC's official website, ensuring transparency and compliance with regulatory standards.

For potential investors and interested parties, copies of the prospectus can also be requested directly from the joint managing underwriters, which further opens the door to enhancing investor relations and facilitating more informed decisions.

About Entergy Corporation

Founded and headquartered in New Orleans, Entergy Corporation is integral to the U.S. power generation and distribution landscape. As a leading player in electric power production, transmission, and retail distribution operations, Entergy's generating fleet spans about 24,000 megawatts of electric capacity. With approximately 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas, the corporation continues to expand its services while maintaining a strong commitment to sustainability and innovation.

As Entergy moves forward, it embraces the challenges and opportunities this offering presents, aiming to bolster its financial foundation and invest in efficient energy solutions to better serve its customers and stakeholders. The evolving landscape of energy production and distribution demands agility and foresight, attributes that Entergy is dedicated to fostering within its operations.

Conclusion

The stock offering not only represents a pivotal moment for Entergy in financing its initiatives but also indicates the company's readiness to navigate the complexities of the ever-changing energy market. Investors and stakeholders alike will be keenly observing how this endeavor unfolds, with aspirations for Entergy to continue its trajectory of growth while reinforcing its role as a leader in energy provision in the U.S.