Entergy Texas Inc.
05/11/2026 | Press release | Distributed by Public on 05/11/2026 15:14
Free Writing Prospectus (Form FWP)
Filed Pursuant to Rule 433
Registration No. 333-289302-01
ENTERGY TEXAS, INC.
$425,000,000
First Mortgage Bonds,
5.20% Series due June 15, 2036
Final Terms and Conditions
May 11, 2026
| Issuer: | Entergy Texas, Inc. | |
| Security Type: | First Mortgage Bonds (SEC Registered) | |
| Expected Ratings(1): |
A3 (stable outlook) by Moody's Investors Service, Inc. A (stable outlook) by S&P Global Ratings |
|
| Trade Date: | May 11, 2026 | |
| Settlement Date (T+3)(2): | May 14, 2026 | |
| Principal Amount: | $425,000,000 | |
| Interest Rate: | 5.20% | |
| Interest Payment Dates: | June 15 and December 15 of each year | |
| First Interest Payment Date: | December 15, 2026 | |
| Final Maturity Date: | June 15, 2036 | |
| Optional Redemption Terms: | In whole or in part, make-whole call at any time prior to March 15, 2036 at a discount rate of Treasury plus 15 bps and, thereafter, at 100% of the principal amount of the bonds being redeemed plus accrued and unpaid interest thereon to the redemption date. | |
| Call for Tax Credit Event: | Upon a notice of redemption, in whole but not in part, at 101% of the principal amount of the bonds plus accrued and unpaid interest thereon to the redemption date (provided, that such notice may be issued no later than December 31, 2026, for a redemption no less than 10 days after such notice). | |
| Benchmark Treasury: | 4.125% due February 15, 2036 | |
| Benchmark Treasury Price: | 97-25+ | |
| Benchmark Treasury Yield: | 4.404% | |
| Spread to Benchmark Treasury: | +83 bps | |
| Re-offer Yield: | 5.234% | |
| Price to Public: | 99.730% of the principal amount | |
| Net Proceeds After Underwriting Discount and Before Expenses: | $421,090,000 | |
| CUSIP / ISIN: | 29365T AR5 / US29365TAR59 | |
| Joint Book-Running Managers: |
BNP Paribas Securities Corp. BNY Mellon Capital Markets, LLC KeyBanc Capital Markets Inc. MUFG Securities Americas Inc. Regions Securities LLC |
|
| Co-Manager: | R. Seelaus & Co., LLC | |
| (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. Rating outlook is assigned at the issuer level and not to individual securities and may be subject to revision at any time. |
| (2) |
It is expected that delivery of the bonds will be made on or about May 14, 2026, which will be the third business day following the date hereof (such settlement being referred to as "T+3"). Under Rule 15c6-1 under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day (T+1), unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds more than one business day prior to the scheduled settlement date will be required, by virtue of the fact that the bonds will initially settle in T+3, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the bonds who wish to trade the bonds more than one business day prior to the scheduled settlement date 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) BNY Mellon Capital Markets, LLC toll- free at 1-800-269-6864, (iii) KeyBanc Capital Markets Inc. toll-free at 1-866-227-6479, (iv) MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or (v) Regions Securities LLC toll-free at 1-800-734-4667.
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Entergy Texas Inc. published this content on May 11, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 11, 2026 at 21:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]