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Entergy New Orleans raises term loan to $85 million, extends one year
Chicago, June 2 – Entergy New Orleans, LLC amended and restated its credit agreement on May 31 to raise the commitments to $85 million from $70 million and push out the maturity date by one year, according to an 8-K filing with the Securities and Exchange Commission.
The term loan will now mature on June 3, 2024.
Bank of America, NA is the administrative agent and provided the $15 million incremental term loan.
Interest if fixed at a 6.25% rate, an increase from 2.5%.
Entergy New Orleans is a New Orleans-based electric and gas utility and subsidiary of Entergy Corp.
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