0000065984-19-000004.txt : 20190103 0000065984-19-000004.hdr.sgml : 20190103 20190103160615 ACCESSION NUMBER: 0000065984-19-000004 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190103 DATE AS OF CHANGE: 20190103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY TEXAS, INC. CENTRAL INDEX KEY: 0001427437 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 611435798 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-213335-05 FILM NUMBER: 19505394 BUSINESS ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 409-981-2000 MAIL ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 FORMER COMPANY: FORMER CONFORMED NAME: Entergy Texas, Inc. DATE OF NAME CHANGE: 20080219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ENTERGY TEXAS, INC. CENTRAL INDEX KEY: 0001427437 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 611435798 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 BUSINESS PHONE: 409-981-2000 MAIL ADDRESS: STREET 1: 10055 GROGANS MILL ROAD CITY: THE WOODLANDS STATE: TX ZIP: 77380 FORMER COMPANY: FORMER CONFORMED NAME: Entergy Texas, Inc. DATE OF NAME CHANGE: 20080219 FWP 1 a00219.htm FWP Document


Filed Pursuant to Rule 433
Registration No. 333-213335-05

Entergy Texas, Inc.

Final Terms and Conditions

January 3, 2019
 
$300,000,000
First Mortgage Bonds,
4.0% Series due March 30, 2029
$400,000,000
First Mortgage Bonds,
4.5% Series due March 30, 2039
 
 
 
Issuer:
Entergy Texas, Inc.
Entergy Texas, Inc.
 
 
 
Security Type:
First Mortgage Bonds (SEC Registered)
First Mortgage Bonds (SEC Registered)
 
 
 
Expected Ratings (1):
Baa1 (stable outlook) by Moody’s Investors Service
A (stable outlook) by Standard & Poor’s Ratings Services
Baa1 (stable outlook) by Moody’s Investors Service
A (stable outlook) by Standard & Poor’s Ratings Services
 
 
 
Trade Date:
January 3, 2019
January 3, 2019
 
 
 
Settlement Date
(T+3)(2):
January 8, 2019
January 8, 2019
 
 
 
Principal Amount:
$300,000,000
$400,000,000
 
 
 
Interest Rate:
4.0%
4.5%
 
 
 
Interest Payment Dates:
March 30 and September 30 of each year
March 30 and September 30 of each year
 
 
 
First Interest Payment Date:
March 30, 2019
March 30, 2019
 
 
 
Final Maturity Date:
March 30, 2029
March 30, 2039
 
 
 
Optional Redemption Terms:
Make-whole call at any time prior to December 30, 2028 at a discount rate of Treasury plus 25 bps and, thereafter, at par
Make-whole call at any time prior to September 30, 2038 at a discount rate of Treasury plus 25 bps and, thereafter, at par
 
 
 
Benchmark Treasury:
3.125% due November 15, 2028
3.000% due August 15, 2048
 
 
 




Spread to Benchmark Treasury:
145 bps
160 bps
 
 
 
Benchmark Treasury Price:
104-25
101-18
 
 
 
Benchmark Treasury Yield:
2.573%
2.921%
 
 
 
Re-offer Yield:
4.023%
4.521%
 
 
 
Price to Public:
99.814% of the principal amount
99.730% of the principal amount
 
 
 
Net Proceeds Before Expenses:
$297,492,000
$395,420,000
 
 
 
CUSIP / ISIN:
29365T AG9 / US29365TAG94
29365T AH7 / US29365TAH77
 
 
 
Joint Book-Running Managers:
BNP Paribas Securities Corp.
BNP Paribas Securities Corp.
 
KeyBanc Capital Markets Inc.
KeyBanc Capital Markets Inc.
 
Mizuho Securities USA LLC
Mizuho Securities USA LLC
 
MUFG Securities Americas Inc.
MUFG Securities Americas Inc.
 
Scotia Capital (USA) Inc.
Scotia Capital (USA) Inc.
 
 
 
Co-Managers:
Loop Capital Markets LLC
Loop Capital Markets LLC
 
Siebert Cisneros Shank & Co., L.L.C.
Siebert Cisneros Shank & Co., L.L.C.
___________________________
(1) A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
(2) It is expected that delivery of the bonds will be made on or about January 8, 2019, which will be the third business day (T+3) following the date hereof. Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days (T+2), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds on the date hereof will be required to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds on the date hereof should consult their own advisors.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, a copy of the prospectus for the offering can be obtained by calling (i) BNP Paribas Securities Corp. toll-free at 1-800-854-5674, (ii) KeyBanc Capital Markets Inc. toll-free at 1-866-227-6479, (iii) Mizuho Securities USA LLC toll-free at 1-866-271-7403, (iv) MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or (v) Scotia Capital (USA) Inc. toll free at 1-800-372-3930.