Entergy Texas issues $425M 5.20% bonds due 2036

Entergy Texas, Inc. has completed a new debt financing, issuing $425,000,000 aggregate principal amount of First Mortgage Bonds bearing interest at 5.20% and maturing on June 15, 2036.

Rhea-AI Filing Summary

Entergy Texas, Inc. has completed a new debt financing, issuing $425,000,000 aggregate principal amount of First Mortgage Bonds bearing interest at 5.20% and maturing on June 15, 2036. The sale closed on May 14, 2026 under an Underwriting Agreement dated May 11, 2026.

The Bonds were offered pursuant to Entergy Texas’s shelf Registration Statement on Form S-3, which became effective upon filing. The company also filed related exhibits, including an officer’s certificate establishing the bond terms and legal opinions and consents from external law firms regarding the validity of the Bonds.

Insights

Utility capital structure analyst

Entergy Texas adds $425M of long-term fixed-rate debt.

Entergy Texas has issued First Mortgage Bonds with $425,000,000 aggregate principal, a fixed 5.20% coupon, and a 2036 maturity. This extends its debt profile with secured, long-dated funding under an existing Form S-3 shelf registration.

A 10-year fixed-rate bond can help match long-lived utility assets, but it also increases absolute debt and future interest obligations. The 5.20% rate will influence interest expense over the life of the Bonds, and future filings may detail how this issuance interacts with other borrowings and capital plans.

8-K Event Classification

2 items: 8.01, 9.01

2 items

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, or exhibit attachments filed with this report.

Key Figures

Bond principal: $425,000,000 aggregate principal amount Bond coupon rate: 5.20% fixed interest rate Bond maturity date: June 15, 2036 +1 more

4 metrics

Bond principal $425,000,000 aggregate principal amount First Mortgage Bonds issued under Underwriting Agreement dated May 11, 2026

Bond coupon rate 5.20% fixed interest rate First Mortgage Bonds due June 15, 2036

Bond maturity date June 15, 2036 Maturity of First Mortgage Bonds

Preferred stock liquidation value $25 per share 5.375% Series A Preferred Stock listed on NYSE

Key Terms

First Mortgage Bonds, Underwriting Agreement, Registration Statement on Form S-3, aggregate principal amount, +1 more

5 terms

First Mortgage Bonds financial

"aggregate principal amount of its First Mortgage Bonds, 5.20% Series due June 15, 2036"

First mortgage bonds are debt securities backed by a company’s property, granting bondholders the primary legal claim to that real estate if the issuer cannot pay. Think of them as being first in line for repayment, like a homeowner’s mortgage lender who gets paid before other creditors. For investors, this priority and the tangible collateral typically make these bonds less risky than unsecured debt, which can mean lower yields but greater protection in bankruptcy.

Underwriting Agreement financial

"On May 11, 2026, Entergy Texas, Inc. entered into an Underwriting Agreement for the sale"

An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.

Registration Statement on Form S-3 regulatory

"The Bonds were offered pursuant to the Company’s Registration Statement on Form S-3"

A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.

aggregate principal amount financial

"for the sale of $425,000,000 aggregate principal amount of its First Mortgage Bonds"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

Liquidation Value financial

"5.375% Series A Preferred Stock, Cumulative, No Par Value (Liquidation Value $25 Per Share)"

Liquidation value is the amount of cash that could be realized if a company’s assets were sold off quickly and its debts and sale costs were paid, usually yielding less than normal selling value. For investors it matters because it provides a practical “floor” or worst‑case estimate of what shareholders or creditors might recover in a bankruptcy or forced sale, helping gauge downside risk much like the cash you’d get from a hastily held garage sale versus a planned auction.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What debt did Entergy Texas (ETI) issue in May 2026?

Entergy Texas issued First Mortgage Bonds with an aggregate principal amount of $425,000,000. These Bonds carry a fixed interest rate of 5.20% and are scheduled to mature on June 15, 2036, providing the company with long-term secured financing.

What is the interest rate and maturity of Entergy Texas’s new bonds?

The new Entergy Texas Bonds bear interest at 5.20% and are due on June 15, 2036. This fixed-rate, long-term structure locks in borrowing costs for about a decade, aligning with the long-lived nature of many regulated utility assets and infrastructure projects.

When did Entergy Texas close the sale of its $425 million First Mortgage Bonds?

Entergy Texas closed the sale of its $425,000,000 First Mortgage Bonds on May 14, 2026. The company entered into the Underwriting Agreement on May 11, 2026, and completed the transaction three days later, as disclosed in the Other Events section.

Under which registration statement were Entergy Texas’s 5.20% Bonds offered?

The 5.20% First Mortgage Bonds were offered under Entergy Texas’s Registration Statement on Form S-3 (File No. 333-289302-01). This shelf registration became effective upon filing, allowing the company to issue securities like these Bonds efficiently when market conditions were appropriate.

What exhibits did Entergy Texas file related to the 5.20% First Mortgage Bonds?

Entergy Texas filed an officer’s certificate establishing the terms of the Bonds, legal opinions from Morgan, Lewis & Bockius LLP and Husch Blackwell LLP, and related consents. It also included a cover page interactive data file with embedded Inline XBRL tags for the electronic reporting format.

What preferred stock of Entergy Texas is listed on the NYSE?

Entergy Texas lists 5.375% Series A Preferred Stock, Cumulative, No Par Value with a liquidation value of $25 per share on the New York Stock Exchange. Its trading symbol is ETI/PR, reflecting this preferred equity security rather than the newly issued Bonds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/14/2026 - 10:46 AM Learn about SEC filing dates

US false 0001427437 0001427437 2026-05-14 2026-05-14

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) May 14, 2026

Entergy Texas, Inc.

(Exact name of registrant as specified in its charter)

Texas		1-34360		61-1435798
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

2107 Research Forest Drive, The Woodlands, Texas		77380
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (409) 981-2000

(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 (seeGeneral 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
5.375% Series A Preferred Stock, Cumulative, No Par Value (Liquidation Value $25 Per Share)		ETI/PR		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 May 11, 2026, Entergy Texas, Inc. (the “Company”) entered into an Underwriting Agreement for the sale of $425,000,000 aggregate principal amount of its First Mortgage Bonds, 5.20% Series due June 15, 2036 (the “Bonds”). The sale of the Bonds closed on May 14, 2026. The Bonds were offered pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-289302-01), which became effective upon filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
4.74		Officer’s Certificate establishing the terms of the Bonds.
5.10		Opinion of Morgan, Lewis & Bockius LLP with respect to the Bonds.
5.11		Opinion of Husch Blackwell LLP with respect to the Bonds.
23.11		Consent of Morgan, Lewis & Bockius LLP with respect to its Opinion relating to the Bonds (included in Exhibit 5.10).
23.12		Consent of Husch Blackwell LLP with respect to its Opinion relating to the Bonds (included in Exhibit 5.11).
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 Texas, Inc.

(Registrant)

Date: May 14, 2026

/s/ Barrett E. Green

(Signature)

Barrett E. Green

Vice President and Treasurer

Filing Exhibits & Attachments

6 documents

Other Documents

• EX-4.74 EX-4.74 59.0 KB
• EX-5.10 EX-5.10 9.7 KB
• EX-5.11 EX-5.11 12.1 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB