{"schema_version":"secwatch.filing_event.v1","accession":"0001089819-26-000006","form_type":"8-K","ticker":null,"cik":"0001089819","company_name":"Cleco Corporate Holdings LLC","filed_at":"2026-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:31.933444+00:00","generated_at":"2026-05-15T01:33:29.773963+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Cleco Holdings enters $250M term loan to refinance May 2026 senior notes","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001089819-26-000006","json":"https://secwatch.observer/filing/0001089819-26-000006.json","markdown":"https://secwatch.observer/filing/0001089819-26-000006.md","text":"https://secwatch.observer/filing/0001089819-26-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/cnl-20260424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:33:29.773963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0511549a30ef4834d5a094308f134170bcc480e0","claim":"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.","evidence_excerpt":"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%.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","confidence":0.9},{"claim_id":"b80b62d7621b3e05101ff714f7dc97ff9509df09","claim":"Cleco Corporate Holdings LLC entered into Credit Agreement valued at $250.0 million (effective 2026-04-24).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001140361-26-023577","ticker":"TCPC","company_name":"BlackRock TCP Capital Corp.","filed_at":"2026-06-01T20:50:02+00:00","headline":"BlackRock TCP Capital closes $535.8M CLO securitization, repays existing debt facilities","event_type":"debt","sec_items":["1.01","1.02","2.03","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-023577","json":"https://secwatch.observer/filing/0001140361-26-023577.json","markdown":"https://secwatch.observer/filing/0001140361-26-023577.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/ef20075169_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"Item 1.01. Entry into a Material Definitive Agreement. On May 27, 2026 (the \" Closing Date \"), BlackRock TCP Capital Corp. (the \" Company \"), through its subsidiary, completed a $535,780,000 securitization of certain loans held by a subsidiary of the Company (the \" CLO Transaction \"). On the Closing Date and in connection with the CLO Transaction, BlackRock DLF 2026-C","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126023577/0001140361-26-023577-index.htm"}},{"accession":"0000785161-26-000161","ticker":"EHC","company_name":"Encompass Health Corp","filed_at":"2026-06-01T20:26:16+00:00","headline":"Encompass Health issues $500M 5.875% notes due 2034; to redeem $400M of 4.500% notes due 2028","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.5,"calibrated_materiality_score":0.5,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000785161-26-000161","json":"https://secwatch.observer/filing/0000785161-26-000161.json","markdown":"https://secwatch.observer/filing/0000785161-26-000161.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/0000785161-26-000161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/ehc-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"On May 29, 2026, Encompass Health Corporation (the “Company”) completed the issuance and sale of $500 million in aggregate principal amount of its 5.875% Senior Notes due 2034 (the “Notes”), along with the related guarantees of the Notes by certain of the Company’s subsidiaries (the “Guarantees”), in a private offering.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/785161/000078516126000161/0000785161-26-000161-index.htm"}},{"accession":"0001628280-26-039479","ticker":"VVX","company_name":"V2X, Inc.","filed_at":"2026-06-01T20:10:20+00:00","headline":"V2X refinances $868.5M term loans with new tranche maturing 2030; SOFR+2% margin","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-039479","json":"https://secwatch.observer/filing/0001628280-26-039479.json","markdown":"https://secwatch.observer/filing/0001628280-26-039479.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/vec-20260529.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"The Amendment provides for, among other things, a new tranche of term loans under the Credit Agreement in an aggregate original principal amount of $868,522,978.38 (the “New Term Loans”), which New Term Loans replace or refinance in full all of the existing term loans outstanding under the Credit Agreement (as in effect immediately prior to the Amendment), as further set forth in the Amendment. The New Term Loans mature on December 6, 2030.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1601548/000162828026039479/0001628280-26-039479-index.htm"}},{"accession":"0001213900-26-054183","ticker":"EMAT","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-11T23:59:59+00:00","headline":"EMAT secures $100M convertible debenture facility from Yorkville; first $20M tranche issued","event_type":"debt","sec_items":["1.01","2.03","3.02","7.01","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-054183","json":"https://secwatch.observer/filing/0001213900-26-054183.json","markdown":"https://secwatch.observer/filing/0001213900-26-054183.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/ea0290073-8k_evolution.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026054183/0001213900-26-054183-index.htm"}},{"accession":"0000008947-26-000108","ticker":"AZZ","company_name":"AZZ INC","filed_at":"2026-05-08T23:59:59+00:00","headline":"AZZ refinances revolver; maturity extended to 2029, margins cut 50 bps","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000008947-26-000108","json":"https://secwatch.observer/filing/0000008947-26-000108.json","markdown":"https://secwatch.observer/filing/0000008947-26-000108.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/0000008947-26-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/azz-20260507.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"The Seventh Amendment (i) terminated the Initial Revolving Credit Commitments and simultaneously replaced them in their entirety with Extended Revolving Credit Commitments having a Maturity Date of May 7, 2029, (ii) decreased the interest rate margin applicable to the Revolving Credit Loans from margins ranging from 175 basis points to 275 basis points (subject to leverage ratio step-downs) to margins ranging from 125 basis points to 225 basis points (subject to leverage ratio step-downs)","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/8947/000000894726000108/0000008947-26-000108-index.htm"}},{"accession":"0001104659-26-057953","ticker":"ILPT","company_name":"Industrial Logistics Properties Trust","filed_at":"2026-05-08T23:59:59+00:00","headline":"ILPT Mountain JV closes $1.62B loan at 5.71% fixed, repays $1.6B existing debt","event_type":"debt","sec_items":["1.01","1.02","2.03","9.01"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-057953","json":"https://secwatch.observer/filing/0001104659-26-057953.json","markdown":"https://secwatch.observer/filing/0001104659-26-057953.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/tm2613865d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"Stanley Bank, N.A., Bank of America, N.A., Bank of Montreal and UBS AG New York Branch, or collectively,\nthe lenders, pursuant to which Mountain JV obtained, in aggregate, a $1.62 billion loan secured\nby 90 of its properties, or the Loan . Also on May 8, 2026, we entered into a guaranty in favor of the lenders, pursuant to which\nwe guaranteed certain limited","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1717307/000110465926057953/0001104659-26-057953-index.htm"}},{"accession":"0001193125-26-214205","ticker":"PGIM","company_name":"PGIM Private Credit Fund","filed_at":"2026-05-08T23:59:59+00:00","headline":"PGIM Private Credit Fund enters $100M credit facility with $500M accordion option","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-214205","json":"https://secwatch.observer/filing/0001193125-26-214205.json","markdown":"https://secwatch.observer/filing/0001193125-26-214205.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/ck0001923622-20260505.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"Repo Rate Average; and for Australian‐dollar advances, Bank Bill Swap Rate), in each case subject to a 0.25% floor. The initial facility amount of the Credit Facility is $100 million, with an accordion feature that permits increases, with the consent of the facility agent and the lenders, up to an aggregate commitment of $500 million. The Credit Facility has","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1923622/000119312526214205/0001193125-26-214205-index.htm"}},{"accession":"0001335258-26-000023","ticker":"LYV","company_name":"Live Nation Entertainment, Inc.","filed_at":"2026-05-08T23:59:59+00:00","headline":"Live Nation VenueCo closes €610M secured notes issuance backed by 4 venues","event_type":"debt","sec_items":["1.01","2.03","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: debt_financing, material_agreement","same SEC item: 1.01, 2.03, 9.01","same event type: debt","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001335258-26-000023","json":"https://secwatch.observer/filing/0001335258-26-000023.json","markdown":"https://secwatch.observer/filing/0001335258-26-000023.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1335258/000133525826000023/0001335258-26-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1335258/000133525826000023/lyv-20260508.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"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%.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1089819/000108981926000006/0001089819-26-000006-index.htm","comparable_excerpt":"On May 8, 2026, Live Nation VenueCo, LLC (“VenueCo”), a bankruptcy-remote, special purpose vehicle owned by certain bankruptcy-remote, special purpose entities (the “Participants”), which are indirect subsidiaries of Live Nation Entertainment, Inc. (the “Company”), closed its previously announced issuance of €610 million aggregate principal amount of fixed rate senior secured notes (the “Notes”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1335258/000133525826000023/0001335258-26-000023-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}