8-KOther EventsExhibits & Filings

ENTERGY CORP /DE/ 8-K Report, Corporate Update (Aug 7, 2026)

Filed August 7, 2026For Securities:ETR

Summary

Entergy Corporation (ETR) announced the successful closing of a substantial debt offering on August 7, 2026, raising a total of $1.5 billion through the issuance of Junior Subordinated Debentures. This offering comprises $750 million of Series 2026A Debentures due in 2056 and $750 million of Series 2026B Debentures due in 2058. These debentures are designed to strengthen the company's financial position and provide long-term capital. Investors should note the fixed-rate periods for each series, followed by reset periods tied to the Five-Year Treasury Rate, with floor rates ensuring a minimum coupon. The Series 2026A Debentures will bear interest at 6.500% until December 15, 2036, then float with a spread of 1.877% over the Five-Year Treasury Rate, subject to the 6.500% floor. The Series 2026B Debentures offer a similar structure, with a fixed rate of 6.500% until December 15, 2033, after which they will float with a spread of 2.030% over the Five-Year Treasury Rate, also subject to the 6.500% floor. This issuance was conducted under an effective Form S-3 registration statement.

Key Highlights

  • 1Entergy Corporation closed an offering of $1.5 billion in Junior Subordinated Debentures on August 7, 2026.
  • 2The offering consists of two tranches: $750 million Series 2026A Debentures due December 15, 2056, and $750 million Series 2026B Debentures due December 15, 2058.
  • 3Series 2026A Debentures carry a fixed interest rate of 6.500% until December 15, 2036.
  • 4Series 2026B Debentures carry a fixed interest rate of 6.500% until December 15, 2033.
  • 5Post-fixed rate periods, both series will have floating interest rates tied to the Five-Year Treasury Rate plus a spread (1.877% for 2026A, 2.030% for 2026B), with a 6.500% floor.
  • 6The debentures were issued under the company's Form S-3 registration statement, indicating a standard public offering process.
  • 7This issuance is part of Entergy's strategy to manage its capital structure and secure long-term funding.

Frequently Asked Questions

Entergy Corporation raised a total of $1.5 billion through the issuance of Junior Subordinated Debentures.

The Series 2026A Junior Subordinated Debentures mature on December 15, 2056, and have an initial fixed interest rate of 6.500% until December 15, 2036. The Series 2026B Junior Subordinated Debentures mature on December 15, 2058, and also have an initial fixed interest rate of 6.500% until December 15, 2033.

After the initial fixed-rate periods, the interest rates for both series will become floating. They will be determined by adding a spread to the Five-Year Treasury Rate as of a specified reset date. The spread for Series 2026A is 1.877%, and for Series 2026B is 2.030%. Importantly, the interest rate for both series will not reset below the initial 6.500% rate.

Junior subordinated debentures are a type of debt security that ranks below other senior debt obligations of the issuer in the event of bankruptcy or liquidation, meaning they are repaid after senior debt holders are satisfied. This subordinate nature typically results in a higher interest rate compared to senior debt to compensate investors for the increased risk.