entergy texas , inc .management's financial discussion and analysis dividends or other distributions on its common stock .currently , all of entergy texas' retained earnings are available for distribution .sources of capital entergy texas' sources to meet its capital requirements include : internally generated funds ; cash on hand ; debt or preferred stock issuances ; and bank financing under new or existing facilities .entergy texas may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common and preferred stock issuances by entergy texas require prior regulatory approval .preferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter , bond indentures , and other agreements .entergy texas has sufficient capacity under these tests to meet its foreseeable capital needs .entergy gulf states , inc .filed with the ferc an application , on behalf of entergy texas , for authority to issue up to $ 200 million of short-term debt , up to $ 300 million of tax-exempt bonds , and up to $ 1.3 billion of other long- term securities , including common and preferred or preference stock and long-term debt .on november 8 , 2007 , the ferc issued orders granting the requested authority for a two-year period ending november 8 , 2009 .entergy texas' receivables from or ( payables to ) the money pool were as follows as of december 31 for each of the following years: .
[['2008', '2007', '2006', '2005'], ['( in thousands )', '( in thousands )', '( in thousands )', '( in thousands )'], ['( $ 50794 )', '$ 154176', '$ 97277', '$ 136545']]
see note 4 to the financial statements for a description of the money pool .entergy texas has a credit facility in the amount of $ 100 million scheduled to expire in august 2012 .as of december 31 , 2008 , $ 100 million was outstanding on the credit facility .in february 2009 , entergy texas repaid its credit facility with the proceeds from the bond issuance discussed below .on june 2 , 2008 and december 8 , 2008 , under the terms of the debt assumption agreement between entergy texas and entergy gulf states louisiana that is discussed in note 5 to the financial statements , entergy texas paid at maturity $ 148.8 million and $ 160.3 million , respectively , of entergy gulf states louisiana first mortgage bonds , which results in a corresponding decrease in entergy texas' debt assumption liability .in december 2008 , entergy texas borrowed $ 160 million from its parent company , entergy corporation , under a $ 300 million revolving credit facility pursuant to an inter-company credit agreement between entergy corporation and entergy texas .this borrowing would have matured on december 3 , 2013 .entergy texas used these borrowings , together with other available corporate funds , to pay at maturity the portion of the $ 350 million floating rate series of first mortgage bonds due december 2008 that had been assumed by entergy texas , and that bond series is no longer outstanding .in january 2009 , entergy texas repaid its $ 160 million note payable to entergy corporation with the proceeds from the bond issuance discussed below .in january 2009 , entergy texas issued $ 500 million of 7.125% ( 7.125 % ) series mortgage bonds due february 2019 .entergy texas used a portion of the proceeds to repay its $ 160 million note payable to entergy corporation , to repay the $ 100 million outstanding on its credit facility , and to repay short-term borrowings under the entergy system money pool .entergy texas intends to use the remaining proceeds to repay on or prior to maturity approximately $ 70 million of obligations that had been assumed by entergy texas under the debt assumption agreement with entergy gulf states louisiana and for other general corporate purposes. .

Question: what portion of the proceeds from the series mortgage bonds issued in january 2009 were used to repay the note payable to entergy corporation?
Answer: 32.0%