Entergy prices 19.25M-share offering at $113 with 2.89M forward sale option
Entergy Corporation priced a registered underwritten offering of 19,247,788 common shares at $113.00 per share with an underwriter option for 2,887,168 additional shares. Settlement of forward sale agreements runs through April 30, 2028, and Entergy may use net proceeds for debt repayment or other general corporate purposes.
1. Offering Details
Entergy priced a registered underwritten offering of 19,247,788 common shares at $113.00 each, with Wells Fargo Securities, Citigroup, Barclays and Scotiabank serving as joint book-running managers.
2. Underwriter Option
The underwriters have a 30-day option to purchase up to 2,887,168 additional shares on the same terms, and Entergy expects to enter into forward sale agreements for any exercised shares.
3. Forward Sale Agreements
Entergy entered into forward sale agreements with Wells Fargo Bank, Citibank, Barclays Bank and Bank of Nova Scotia for all 19,247,788 shares, with settlement expected on or before April 30, 2028 and options for cash or net share settlement.
4. Use of Proceeds and Timeline
The initial offering is scheduled to close on May 7, 2026, and net proceeds may be used for commercial paper repayment, revolving credit facility loans, other debt or general corporate purposes upon physical settlement.