Cleco Corporate Holdings LLC: debt financing — Cleco Holdings enters $250M term loan to refinance May 2026 senior notes

Cleco Corporate Holdings LLC

Borrowed $250M on April 24, 2026 under a new term loan agreement.
Proceeds will repay all outstanding senior notes due May 1, 2026.
Interest rate: SOFR + 1.500% or ABR + 0.500%.
Financial covenant: total indebtedness (excl. securitization) ≤ 65% of total capitalization.
Lenders include Regions Bank, JPMorgan, SMBC, CoBank, CIBC, Crédit Agricole.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Cleco Corporate Holdings LLC incurred term loan of $250.0 million with unknown at SOFR plus 1.500% or ABR plus 0.500% maturing unknown.

Instrument: term loan
Principal: $250.0 million
Rate: SOFR plus 1.500% or ABR plus 0.500%
Event: incurrence

Exact text from the filing

On April 24, 2026, Cleco Corporate Holdings LLC (“Cleco Holdings”) entered into a term loan agreement under which it borrowed $250.0 million (the “Credit Agreement”). Cleco Holdings intends to use the term loan borrowings to repay at maturity all of the outstanding Cleco Holdings senior notes due May 1, 2026. Under the Credit Agreement, Cleco Holdings is required to maintain total indebtedness (not including securitization indebtedness) less than or equal to 65% of total capitalization. The borrowing costs under the Credit Agreement are currently equal to SOFR plus 1.500% or ABR plus 0.500%.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cleco Corporate Holdings LLC entered into Credit Agreement valued at $250.0 million (effective 2026-04-24).

Action: entry
Agreement: credit facility
Value: $250.0 million
Effective: 2026-04-24

Exact text from the filing

On April 24, 2026, Cleco Corporate Holdings LLC (“Cleco Holdings”) entered into a term loan agreement under which it borrowed $250.0 million (the “Credit Agreement”).

View on SEC.gov

Browse all debt financings →

Source: SEC EDGAR

accession 0001089819-26-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.