Debt (Tables)

12 Months Ended

Dec. 31, 2017

Cleco’s total indebtedness as of December 31, 2017, and 2016 was as follows:



Cleco
	AT DEC. 31,
(THOUSANDS)	2017			2016
Total Cleco Power long-term debt, net	$	1,341,475		$	1,235,056
Cleco Holdings’ long-term debt, net
Senior notes, 3.250%, due 2023	165,000			165,000
Senior notes, 3.743%, due 2026	535,000			535,000
Senior notes, 4.973%, due 2046	350,000			350,000
Bank term loan, variable rate, due 2021	300,000			300,000
Unamortized debt issuance costs	(2,516		)	(2,261		)
Fair value adjustment	147,146			155,776
Total Cleco long-term debt, net	$	2,836,105		$	2,738,571

The principal amounts payable under long-term debt agreements for each year through 2022 and thereafter are as follows:

Cleco Power’s total indebtedness as of December 31, 2017, and 2016 was as follows:



Cleco Power
	AT DEC. 31,
(THOUSANDS)	2017			2016
Bonds
Senior notes, 2.94%, due 2022	$	25,000		$	—
Senior notes, 3.08%, due 2023	100,000			—
Senior notes, 3.68%, due 2025	75,000			75,000
Senior notes, 3.47%, due 2026	130,000			130,000
Senior notes, 4.33%, due 2027	50,000			50,000
Senior notes, 3.57%, due 2028	200,000			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
Cleco Katrina/Rita’s storm recovery bonds, 4.41%, due 2020	—			1,115
Cleco Katrina/Rita’s storm recovery bonds, 5.61%, due 2023	50,819			67,600
Total bonds	1,375,819			1,268,715
Other long-term debt
Barge lease obligations	—			1,819
Gross amount of long-term debt	1,375,819			1,270,534
Less: long-term debt due within one year	19,193			17,896
Less: lease obligations classified as long-term debt due within one year	—			1,819
Unamortized debt discount	(6,010		)	(6,342		)
Unamortized debt issuance costs	(9,141		)	(9,421		)
Total long-term debt, net	$	1,341,475		$	1,235,056