Company: EAI
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0000065984-25-000132
Chunk: 321

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 7
Chunk 321
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Forward Sale Price per ShareCash Proceeds at Settlement(Dollars In Thousands, Except Per Share Data)Forward sale agreements settled in May 2025:December 20235,506,492 $280,459 $2,805 March 2024569,844 $29,318 $293 March 20242,320,830 $119,153 $1,192 May 20242,556,832 $142,387 $1,424 May 20242,466,470 $134,396 $1,344 June 20242,140,006 $114,540 $1,145 Total15,560,474 $51.78 $805,669 Entergy Corporation incurred an aggregate amount of approximately $1.0 million of general issuance costs associated with the May 2025 settlement.  Entergy Corporation used the net proceeds for general corporate purposes, which included repayment of commercial paper, outstanding loans under Entergy Corporation’s revolving credit facility, and other debt.In September 2025, Entergy Corporation amended certain terms and conditions of the September 2024 forward sale agreements replacing the original maturity date of October 2025 with October 2026.In October 2025, Entergy Corporation physically settled its obligations under the August 2024 forward sale agreements by delivering 5,692,604 shares of common stock in exchange for cash proceeds of $332 million.  The forward sale price used to determine the cash proceeds received by Entergy Corporation was calculated based on the initial forward sale price of $58.30 per share as adjusted in accordance with the forward sale agreements.  Entergy Corporation incurred an aggregate amount of approximately $0.4 million of general issuance costs with the settlement.Equity Forward Sale AgreementsIn March 2025, Entergy marketed an equity offering of 17.8 million shares of Entergy Corporation common stock.  In lieu of issuing equity at the time of the offering, Entergy entered into forward sale agreements with several forward counterparties.  No amounts have been or will be recorded on Entergy’s balance sheet with respect to the equity offering until settlements of the forward sale agreements occur.  The forward sale agreements require Entergy to, at its election on or prior to September 30, 2026, either (1) physically settle the transactions by issuing the total of 17.8 million shares of its common stock to the forward counterpart