Debt (Tables)

12 Months Ended

Dec. 31, 2016

Cleco’s total indebtedness as of December 31, 2016, and 2015 was as follows:



Cleco
	SUCCESSOR			PREDECESSOR
(THOUSANDS)	AT DEC. 31, 2016			AT DEC. 31, 2015
Total Cleco Power long-term debt, net	$	1,235,056		$	1,234,039
Senior notes, 3.250%, due 2023	165,000			—
Senior notes, 3.743%, due 2026	535,000			—
Senior notes, 4.973%, due 2046	350,000			—
Bank term loan, variable rate, due 2021	300,000			—
Credit facility draws	—			34,000
Unamortized debt issuance costs	(2,261		)	(336		)
Fair value adjustment	155,776			—
Total long-term debt, net	$	2,738,571		$	1,267,703

The principal amounts payable under long-term debt agreements for each year through 2021 and thereafter are as follows:



(THOUSANDS)	CLECO		CLECO POWER
Amounts payable under long-term debt arrangements
For the year ending Dec. 31,
2017	$	17,896	$	17,896
2018	$	19,193	$	19,193
2019	$	20,571	$	20,571
2020	$	11,055	$	11,055
2021	$	300,000	$	—
Thereafter	$	2,250,000	$	1,200,000

Cleco Power’s total indebtedness as of December 31, 2016, and 2015 was as follows:



Cleco Power
	AT DEC. 31,
(THOUSANDS)	2016			2015
Bonds
Senior notes, 6.65%, due 2018	$	—		$	250,000
Senior notes, 3.68%, due 2025	75,000			75,000
Senior notes, 3.47%, due 2026	130,000			—
Senior notes, 4.33%, due 2027	50,000			50,000
Senior notes, 3.57%, due 2028	200,000			—
Senior notes, 6.50%, due 2035	295,000			295,000
Senior notes, 6.00%, due 2040	250,000			250,000
Senior notes, 5.12%, due 2041	100,000			100,000
Series A GO Zone bonds, 2.00%, due 2038, mandatory tender in 2020	50,000			50,000
Series B GO Zone bonds, 4.25%, due 2038	50,000			50,000
Solid waste disposal facility bonds, 4.70%, due 2036, callable November 1, 2016	—			60,000
Cleco Katrina/Rita’s storm recovery bonds, 4.41%, due 2020	1,115			17,929
Cleco Katrina/Rita’s storm recovery bonds, 5.61%, due 2023	67,600			67,600
Total bonds	1,268,715			1,265,529
Other long-term debt
Barge lease obligations, ending 2017	1,819			4,425
Gross amount of long-term debt	1,270,534			1,269,954
Less: long-term debt due within one year	17,896			16,814
Less: lease obligations classified as long-term debt due within one year	1,819			2,607
Unamortized debt discount	(6,342		)	(6,885		)
Unamortized debt issuance costs	(9,421		)	(9,609		)
Total long-term debt, net	$	1,235,056		$	1,234,039