Investor Presentaiton
Liquidity and Credit Ratings
Available Liquidity
As of 09/30/2021 in $ millions
Cleco
Holdings (1)
Cleco
Credit Ratings(3)
Cash and Equivalents
$116.9
$156.3
Power(2) Consolidated
$273.2
As of 11/01/2021
Moody's
S&P
Fitch
Cleco Holdings
Baa3
BBB-
BBB-
Credit Facility Capacity
$175.0
$300.0
Outlook
Stable
Stable
Stable
Less: Amount Drawn
$0.0
$0.0
Available Credit Facility
$175.0
$300.0
$475.0
Cleco Power
A3
BBB+
BBB+
Total Liquidity
$291.9
$456.3
$748.2
Outlook
Stable
Negative
Stable
Bank Facilities Successfully Refinanced May 2021
•
Cleco Holdings and Cleco Power extended their respective revolving credit facilities five years to 2026 and term loans three
years to 2024
Full Revolving Credit Facility Capacity Available After Issuance of Floating Rate Notes
•
Cleco Power issued $325 million of Floating Rate Senior Note maturing June 15, 2023 and callable at par on or after March 15,
2022; proceeds were used for general corporate purposes including repaying outstanding Cleco Power revolving credit facility
balances as well as funding prospective Hurricane Ida storm restoration costs
Cleco Power intends to use proceeds from its pending storm restoration cost securitization to retire the Floating Rate Notes
Source: Cleco public filings
Cleco Holdings and Cleco Power maintain robust liquidity
(1) Including Cleco Cajun, excluding Cleco Power; Credit Facility matures 2026, commitment fee of 0.275% and rate of L+1.625%
Excludes Restricted Cash, Credit Facility matures 2026, commitment fee of 0.150% and rate of L+1.250%
Senior Unsecured Ratings
CLECO
(2)
Connecting Louisiana's future.
(3)
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