Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 326

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 7
Chunk 326
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 debt ratio, as defined, of 65% or less of its total capitalization.  Entergy is in compliance with this covenant.  If Entergy fails to meet this ratio, or if Entergy Corporation or one of the Registrant Subsidiaries (except Entergy New Orleans and System Energy) defaults on other indebtedness or is in bankruptcy or insolvency proceedings, an acceleration of the Entergy Corporation credit facility’s maturity date may occur.Entergy Corporation has a commercial paper program with a Board-approved program limit of $2 billion.  As of September 30, 2025, Entergy Corporation had $1,398 million of commercial paper outstanding.  The weighted-average interest rate for the nine months ended September 30, 2025 was 4.64%.

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Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas each had credit facilities available as of September 30, 2025 as follows:CompanyExpirationDateAmount ofFacilityInterest Rate (a)Amount Drawnas ofSeptember 30, 2025Letters of CreditOutstanding as of September 30, 2025Entergy ArkansasApril 2026$25 million (b)6.11%$—$—Entergy ArkansasJune 2030$300 million (c)5.39%$—$—Entergy LouisianaJune 2030$400 million (c)5.51%$—$—Entergy MississippiJune 2030$300 million (c)5.39%$—$—Entergy New OrleansJune 2027$25 million (c)5.89%$—$—Entergy TexasJune 2030$300 million (c)5.51%$—$1.1 million(a)The interest rate is the estimated interest rate as of September 30, 2025 that would have been applied to outstanding borrowings under the facility.(b)Borrowings under this Entergy Arkansas credit facility may be secured by a security interest in its accounts receivable at Entergy Arkansas’s option.(c)The credit facility includes fronting commitments for the issuance of letters of credit against a portion of the borrowing capacity of the facility as follows: $5 million for Entergy Arkansas; $15 million for Entergy Louisiana; $5 million for Entergy Mississippi; $10 million for Entergy New Orleans; and