Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
11 Agosto 2021 - 4:16PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registration No. 333-233403-02
Entergy Texas, Inc.
$130,000,000
First Mortgage Bonds,
1.50% Series due September 1, 2026
Final Terms and Conditions
August 11, 2021
|
|
|
|
|
|
|
|
|
Issuer:
|
|
Entergy Texas, Inc.
|
Security Type:
|
|
First Mortgage Bonds (SEC Registered)
|
Expected Ratings(1):
|
|
Baa1 (positive outlook) by Moody’s Investors Service
A (stable outlook) by S&P Global Ratings
|
Trade Date:
|
|
August 11, 2021
|
Settlement Date (T+4)(2):
|
|
August 17, 2021
|
Principal Amount:
|
|
$130,000,000
|
Interest Rate:
|
|
1.50%
|
Interest Payment Dates:
|
|
March 1 and September 1 of each year
|
First Interest Payment Date:
|
|
March 1, 2022
|
Final Maturity Date:
|
|
September 1, 2026
|
Optional Redemption Terms:
|
|
Make-whole call at any time prior to August 1, 2026, at a discount rate of Treasury plus 15 bps and, thereafter, at par
|
Benchmark Treasury:
|
|
0.625% due July 31, 2026
|
Benchmark Treasury Price:
|
|
99-05
|
Benchmark Treasury Yield:
|
|
0.799%
|
Spread to Benchmark Treasury:
|
|
+75 bps
|
Re-offer Yield:
|
|
1.549%
|
Price to Public:
|
|
99.763% of the principal amount
|
Net Proceeds Before Expenses:
|
|
$128,911,900
|
CUSIP / ISIN:
|
|
29365T AL8 / US29365TAL89
|
Joint Book-Running Managers:
|
|
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
|
___________________________
(1) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
(2) It is expected that delivery of the bonds will be made on or about August 17, 2021, which will be the fourth business day following the date hereof (such settlement being referred to as “T+4”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business
days (T+2), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds more than two business days prior to the scheduled settlement date will be required, by virtue of the fact that the bonds initially will settle in T+4, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds more than two business days prior to the scheduled settlement date should consult their own advisors.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) Scotia Capital (USA) Inc. toll-free at 1-800-372-3930 or (ii) SMBC Nikko Securities America, Inc. toll-free at 1-888-868-6856.
Entergy Texas (NYSE:ETI-)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Entergy Texas (NYSE:ETI-)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024