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Entergy Louisiana (ELC) sells $1.5B in Collateral Trust Mortgage Bonds

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Entergy Louisiana, LLC completed a major debt financing by selling $750,000,000 of 4.90% Collateral Trust Mortgage Bonds due April 15, 2036 and $750,000,000 of 5.65% Collateral Trust Mortgage Bonds due April 15, 2056.

The Bonds were issued under an existing mortgage and deed of trust and were registered using the company’s automatic shelf registration statement on Form S-3, which was effective upon filing. The company also filed related officer certificates, a supplemental indenture, and legal opinions as exhibits.

Positive

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Insights

Entergy Louisiana raises $1.5B in long-term secured bonds.

Entergy Louisiana issued two tranches of Collateral Trust Mortgage Bonds totaling $1,500,000,000, with fixed coupons of 4.90% due 2036 and 5.65% due 2056. These are long-dated, secured obligations under the company’s existing mortgage and deed of trust.

The use of an automatic shelf registration on Form S-3 indicates the issuer had standing capacity to access capital markets and could bring this deal to market efficiently. Legal opinions and a supplemental indenture define bondholder protections, security terms, and enforceability.

The impact on leverage, interest coverage, or refinancing of other obligations is not detailed here, so the broader balance sheet effect depends on how proceeds are applied and on existing debt levels. Future financial statements and notes will show how this issuance interacts with the company’s overall funding strategy.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
0001348952 false 0001348952 2026-02-26 2026-02-26
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

February 26, 2026

 

 

Entergy Louisiana, LLC

(Exact name of registrant as specified in its charter)

 

 

 

Texas   1-32718   47-4469646

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

4809 Jefferson Highway, Jefferson, Louisiana   70121
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (504) 576-4000

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Class

 

Trading

Symbol

 

Name of Each Exchange

on Which Registered

Mortgage Bonds, 4.875% Series due September 2066   ELC   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01 Other Events.

On February 26, 2026, Entergy Louisiana, LLC (the “Company”) entered into an Underwriting Agreement for the sale of $750,000,000 aggregate principal amount of its Collateral Trust Mortgage Bonds, 4.90% Series due April 15, 2036 (the “2036 Bonds”) and $750,000,000 aggregate principal amount of its Collateral Trust Mortgage Bonds, 5.65% Series due April 15, 2056 (the “2056 Bonds” and, together with the 2036 Bonds, the “Bonds”). The sale of the Bonds closed on February 26, 2026. The Bonds were registered under the Securities Act of 1933, as amended, by means of the Company’s automatic shelf Registration Statement on Form S-3 (File No. 333-289302-04) (the “Registration Statement”), which such Registration Statement became effective upon such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

 

Description of Exhibit

4.71(a)   Officer’s Certificate No. 36-B-24 establishing the terms of the 2036 Bonds issued under the Mortgage and Deed of Trust of Entergy Louisiana, LLC, dated as of November 1, 2015.
4.71(b)   Officer’s Certificate No. 36-B-25 establishing the terms of the 2056 Bonds issued under the Mortgage and Deed of Trust of Entergy Louisiana, LLC, dated as of November 1, 2015.
4.72   Twenty-second Supplemental Indenture relating to the Bonds issued under the Mortgage and Deed of Trust of Entergy Louisiana, LLC, dated as of November 1, 2015.
5.05   Opinion of Morgan, Lewis & Bockius LLP with respect to the Bonds.
5.06   Opinion of Dawn A. Balash, Assistant General Counsel, Corporate and Securities of Entergy Services, LLC, with respect to the Bonds.
5.07   Opinion of Husch Blackwell LLP, with respect to the Bonds.
23.06   Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion relating to the Bonds (included in Exhibit 5.05).

 


23.07      Consent of Dawn A. Balash, Assistant General Counsel, Corporate and Securities of Entergy Services, LLC, with respect to her Opinion relating to the Bonds (included in Exhibit 5.06).
23.08    Consent of Husch Blackwell LLP with respect to its Opinion relating to the Bonds (included in Exhibit 5.07).
104    Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     

Entergy Louisiana, LLC

      (Registrant)
Date February 26, 2026    
     

/s/ Barrett E. Green

     

(Signature)

Barrett E. Green

Vice President and Treasurer

FAQ

What debt did Entergy Louisiana, LLC (ELC) issue on February 26, 2026?

Entergy Louisiana issued two Collateral Trust Mortgage Bond series totaling $1.5 billion: $750 million of 4.90% bonds due April 15, 2036 and $750 million of 5.65% bonds due April 15, 2056, under its existing mortgage and deed of trust.

What are the interest rates and maturities of Entergy Louisiana’s new bonds?

The company’s new Collateral Trust Mortgage Bonds carry fixed coupons of 4.90% due April 15, 2036 and 5.65% due April 15, 2056. Both series are long-term obligations issued under Entergy Louisiana’s Mortgage and Deed of Trust dated November 1, 2015.

How were Entergy Louisiana’s new Collateral Trust Mortgage Bonds registered?

The bonds were registered under the Securities Act of 1933 using Entergy Louisiana’s automatic shelf registration statement on Form S-3 (File No. 333-289302-04. That registration became effective upon filing, allowing the company to complete the bond sale efficiently on February 26, 2026.

When did Entergy Louisiana’s $1.5 billion bond sale close?

The sale of Entergy Louisiana’s new Collateral Trust Mortgage Bonds closed on February 26, 2026. On that date, the company entered into an Underwriting Agreement covering both the 2036 and 2056 bond series and completed the transaction with the underwriters.

Are Entergy Louisiana’s new bonds secured obligations?

Yes. The bonds are described as Collateral Trust Mortgage Bonds issued under Entergy Louisiana’s Mortgage and Deed of Trust dated November 1, 2015. A related supplemental indenture was filed, indicating the bonds benefit from the existing mortgage security structure applicable to this debt.

Filing Exhibits & Attachments

9 documents