Entergy Corporation Announces Pricing of Common Stock Offering
NEW ORLEANS, March 17, 2025 – Entergy Corporation (NYSE: ETR), an integrated energy company, announced today the pricing of a registered underwritten offering of 15,568,863 shares of its common stock. The shares will be sold to the public at a price of $83.50 per share.
Details of the Offering
Subject to certain conditions, all shares are expected to be borrowed by the forward counterparties (or their respective affiliates) from third parties and sold to the underwriters. These transactions are in connection with the forward sale agreements entered into by the company and the counterparties. The net proceeds from the offering are estimated to be approximately $1.27 billion, after deducting the underwriting discounts and commissions and estimated offering expenses.
Impact on Entergy Corporation
The proceeds from the offering will provide Entergy Corporation with additional financial resources to fund its business operations and invest in its infrastructure. The company plans to use the net proceeds to repay a portion of its term loans under its credit facility and for general corporate purposes, including the potential repayment of other indebtedness.
Impact on the World
The offering by Entergy Corporation is a significant event in the energy sector. The proceeds from the offering will enable the company to strengthen its financial position and invest in its infrastructure, which could lead to improved energy reliability and reduced greenhouse gas emissions. Additionally, the offering could potentially lead to increased competition in the energy market, as Entergy Corporation may use the proceeds to expand its operations or make strategic acquisitions.
Conclusion
Entergy Corporation’s announcement of a registered underwritten offering of 15,568,863 shares of its common stock at a price of $83.50 per share is a notable development in the energy sector. The proceeds from the offering will provide Entergy Corporation with additional financial resources to fund its business operations and invest in its infrastructure. The impact of this offering on the world is significant, as it could lead to improved energy reliability, reduced greenhouse gas emissions, and increased competition in the energy market.
- Entergy Corporation announces offering of common stock
- Proceeds to be used for business operations and infrastructure investments
- Impact on energy sector: improved reliability, reduced emissions, increased competition
