Baker Botts Represents Cleco Corporate Holdings LLC in $175.0 Million Revolving Credit Facility
On May 17, 2024, Cleco Corporate Holdings LLC (“Cleco Holdings”) entered into a new revolving credit facility under which it can, subject to the terms and conditions therein, borrow up to $175.0 million (the “Revolving Facility”). The Revolving Facility replaces Cleco Holdings’ existing revolving credit agreement and has a maturity date of May 17, 2029.
Regions Capital Markets, JPMorgan Chase Bank, N.A., Sumitomo Mitsui Banking Corporation and CoBank, ACB acted as joint lead arrangers and joint bookrunners for the Revolving Facility. Regions Bank serves as administrative agent under the Revolving Facility.
Baker Botts represented Cleco Holdings in the transaction.
Headquartered in Pineville, Louisiana, Cleco Holdings is a regional energy holding company that conducts its business operations through two of its subsidiaries, Cleco Power LLC and Cleco Cajun LLC.
Baker Botts Lawyers/Office Involved:
Corporate: Timothy Taylor (Partner, Houston); Jamie Yarbrough (Partner, Houston).
Finance: Clint Culpepper (Partner, Austin); Dela Peimani (Senior Associate, Austin); Morgan Copher (Associate, Dallas).
Tax: Jon Lobb (Partner, Houston); Jordan Hahn (Senior Associate, Dallas).
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