NEW ORLEANS, Aug. 16, 2016 /PRNewswire/ -- Entergy Arkansas,
Inc. announced today that on September 15,
2016 (the "Redemption Date"), it will redeem all
$225,000,000 principal amount of its
outstanding First Mortgage Bonds, 5.75% Series due November 1, 2040, (the "Bonds"), at the
redemption price of 100 percent of the principal amount thereof
(the "Redemption Price") plus accrued interest thereon to but
excluding the Redemption Date. The Bonds are listed on the New York
Stock Exchange and trade under the symbol EAA.
On the Redemption Date, provided that the corporate trustee,
Deutsche Bank Trust Company Americas, has received sufficient funds
to complete the redemption, the Redemption Price, together with
accrued interest to but excluding the Redemption Date, shall become
due and payable on each Bond, and on and after the Redemption Date,
the Bonds shall cease to bear interest. Payment of the Redemption
Price and accrued interest will be made on or after the Redemption
Date upon presentation and surrender of the Bonds to DB Services
Americas, Inc., MS JCK01-D218, 5022 Gate Parkway, Jacksonville, Florida 32256.
Entergy Arkansas provides electricity to approximately 700,000
customers in 63 counties. Entergy Arkansas is a subsidiary of
Entergy Corporation (NYSE: ETR), an integrated energy company
engaged primarily in electric power production and retail
distribution operations. Entergy owns and operates power plants
with approximately 30,000 megawatts of electric generating
capacity, including nearly 10,000 megawatts of nuclear power.
Entergy delivers electricity to 2.8 million utility customers in
Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of
approximately $11.5 billion and more
than 13,000 employees.
Entergy's online address is entergy.com
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SOURCE Entergy Arkansas, Inc.