Cleco Corporate Holdings LLC: debt financing — Cleco Power issues $350M 5.300% Senior Notes due 2036

Cleco Corporate Holdings LLC

Issued $350M aggregate principal amount of 5.300% Senior Notes due January 15, 2036.
Notes priced at 99.777%; interest payable semi-annually on Jan 15 and Jul 15 starting Jul 15, 2026.
Net proceeds for general LLC purposes, including repayment of revolving credit borrowings.
Notes offered privately under indenture with Regions Bank; unregistered under Securities Act.
Make-whole redemption prior to Oct 15, 2035; par redemption thereafter at 100% plus accrued interest.

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 senior notes of $350.0 million aggregate principal amount with Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as representatives of the several Initial Purchasers at 5.300% per annum maturing January 15, 2036.

Instrument: senior notes
Principal: $350.0 million aggregate principal amount
Counterparty: Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as representatives of the several Initial Purchasers
Rate: 5.300% per annum
Maturity: January 15, 2036
Event: incurrence

Exact text from the filing

On November 21, 2025, Cleco Power LLC (the “Company”) completed the issuance and private sale of $350.0 million aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”) to Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as representatives of the several Initial Purchasers

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

Cleco Corporate Holdings LLC entered into Supplemental Indenture No. 2 with Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc. valued at $350.0 million aggregate principal amount (effective 2025-11-21).

Action: entry
Agreement: notes offering
Counterparty: Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc.
Value: $350.0 million aggregate principal amount
Effective: 2025-11-21

Exact text from the filing

On November 21, 2025, Cleco Power LLC (the “Company”) completed the issuance and private sale of $350.0 million aggregate principal amount of its 5.300% Senior Notes due 2036 (the “Notes”) to Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and SMBC Nikko Securities America, Inc., as representatives of the several Initial Purchasers, (collectively, the “Representatives”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001140361-25-042968

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