-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LUyHnNXWyQM62UWDAMxZ01J0cezWQ5khzsaGimMJJTVY6ELRRZk+5y8M7lGRJrHs yYDA6r+Yo59jXaC5vqOmPA== 0001193125-09-229769.txt : 20091110 0001193125-09-229769.hdr.sgml : 20091110 20091109201548 ACCESSION NUMBER: 0001193125-09-229769 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20091110 DATE AS OF CHANGE: 20091109 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLECO POWER LLC CENTRAL INDEX KEY: 0000018672 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 720244480 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-162773 FILM NUMBER: 091170025 BUSINESS ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 BUSINESS PHONE: 3184847400 MAIL ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 FORMER COMPANY: FORMER CONFORMED NAME: CLECO UTILITY GROUP INC DATE OF NAME CHANGE: 19990708 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL LOUISIANA ELECTRIC CO INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CLECO POWER LLC CENTRAL INDEX KEY: 0000018672 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 720244480 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 BUSINESS PHONE: 3184847400 MAIL ADDRESS: STREET 1: 2030 DONAHUE FERRY ROAD CITY: PINEVILLE STATE: LA ZIP: 71360-5226 FORMER COMPANY: FORMER CONFORMED NAME: CLECO UTILITY GROUP INC DATE OF NAME CHANGE: 19990708 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL LOUISIANA ELECTRIC CO INC DATE OF NAME CHANGE: 19920703 FWP 1 dfwp.htm FWP FWP

Filed pursuant to Rule 433

November 9, 2009

Relating to

Preliminary Prospectus Supplement dated November 9, 2009 to

Prospectus dated October 30, 2009

Registration Statement No. 333-162773

Cleco Power LLC

Pricing Term Sheet

 

Issuer:    Cleco Power LLC
Security:    6.50% Notes due 2035
Ratings (Moody’s/S&P):    Baa2/BBB
Principal Amount:    $145,000,000
Maturity:    December 1, 2035
Settlement:    November 13, 2009; T+3
Coupon:    6.50%
Interest Payment Dates:    June 1 and December 1, commencing December 1, 2009
Benchmark Treasury:    4.25% due May 15, 2039
Benchmark Treasury Yield:    4.387%
Spread to Benchmark Treasury:    2.375%
Yield to Maturity:    6.762%
Initial Price to Public:    96.806% per Note (plus accrued interest from June 1, 2009)

Redemption Provisions:

Make-Whole Call:

    Make whole call at T + 30 bps
CUSIP:    185508 AE8
Minimum Denominations:    $1,000
Use of Proceeds:    The proceeds to the Issuer from the sale of the Notes in this offering are expected to be approximately $138.8 million, after deducting the underwriting discount and the other estimated expenses of this offering. The Issuer intends to use the net proceeds from this offering for general corporate purposes, including financing a portion of the construction costs related to the Acadiana Load Pocket transmission project.

Joint Book-Running Managers:    Calyon Securities (USA) Inc. and KeyBanc Capital Markets Inc.
Co-Managers:    Deutsche Bank Securities Inc. and U.S. Bancorp Investments, Inc.

The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Calyon Securities (USA) Inc. toll-free at 866-807-6030 or KeyBanc Capital Markets Inc. toll-free at 866-227-6479.

 

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