secwatch.observer — SEC 8-K summary
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Issuer:     Cleco Corporate Holdings LLC (—)
CIK:        0001089819
Form:       8-K
Filed at:   2024-06-04T23:59:59+00:00
Accession:  0001089819-24-000021
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

Cleco completes sale of unregulated utility business to Atlas Capital for $600M
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- Sale closed June 1, 2024; $500M paid at closing, $100M due in 24 months.
- Buyers: Big Pelican LLC and Pelican South Central LLC, affiliates of Atlas Capital Resources IV LP.
- Purchase price subject to closing adjustments based on net working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1089819/000108981924000021/0001089819-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1089819/000108981924000021/cnl-20240601.htm
  HTML page:      https://secwatch.observer/filing/0001089819-24-000021

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer