Entergy Corporation announces public offering of common stock with a forward component

Core Viewpoint - Entergy Corporation has announced a registered underwritten offering of $1.3 billion of its common stock, with the expectation that shares will be borrowed by forward counterparties and sold to underwriters [1][2]. Group 1: Offering Details - The offering involves forward sale agreements with Morgan Stanley, Bank of America, JPMorgan, and Mizuho, where Entergy will issue and sell $1.3 billion of shares at an initial forward sale price equal to the underwriters' purchase price [2]. - Underwriters will have a 30-day option to purchase an additional $195 million of shares to cover any overallotments [2]. - Settlement of the forward sale agreements is expected to occur on or prior to September 30, 2026, with Entergy having the option for cash or net share settlement [3]. Group 2: Use of Proceeds - If Entergy opts for physical settlement of the forward sale agreements, the net proceeds are expected to be used for general corporate purposes, including repayment of commercial paper and outstanding loans [4]. Group 3: Company Overview - Entergy Corporation is an integrated energy company involved in electric power production, transmission, and retail distribution, with a generating capacity of approximately 24,000 megawatts and serving around 3 million utility customers across Arkansas, Louisiana, Mississippi, and Texas [7].