If the remarketing is successful, the proceeds of the remarketing of the Notes that are held as a component of the 7.625% Corporate Units (NYSE: ETRPrA) will provide the consideration necessary to fulfill the related stock purchase contracts on
Upon a successful remarketing, the interest rate (currently at 5.75% per annum) on the Notes will be reset. The consummation of a successful remarketing will be subject to, among other things, market conditions during the remarketing period.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities.
SOURCE Entergy Corporation