Entergy Corporation said it entered into a Fourth Amended and Restated Credit Agreement on June 11, 2024, giving it a 5-year unsecured revolving credit and letter of credit facility of $3 billion that can be increased up to $3.5 billion at Entergy's request.

1. 01

   Entergy Corporation said it entered into a Fourth Amended and Restated Credit Agreement on June 11, 2024, giving it a 5-year unsecured revolving credit and letter of credit facility of $3 billion that can be increased up to $3.5 billion at Entergy's request.

2. 02

   The company said the facility does not allow the letter of credit balance to exceed $1.5 billion at the same time, and that borrowings mature on June 11, 2029. As of June 11, 2024, there were no loans outstanding, and letters of credit issued totaled $4,056,000.

3. 03

   The company said it must maintain a consolidated debt ratio of 65% or less of its total capitalization. It also said the facility bears a variable interest rate, and the commitment fee is currently 0.225% of the undrawn commitment amount. Both the fee and the rate depend on Entergy's senior unsecured debt rating.

4. 04

   The company said 4 of its subsidiaries also renewed their 5-year unsecured revolving credit and letter of credit facilities on the same day. The limits are $300 million for Entergy Arkansas, $400 million for Entergy Louisiana, $300 million for Entergy Mississippi and $300 million for Entergy Texas.

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