Hunton Advises on Cleco Corporate Holdings LLC Senior Notes Offering

Hunton Andrews Kurth LLP advised Mizuho Securities USA LLC, Credit Agricole Securities (USA) Inc. and Scotia Capital (USA) Inc., as initial purchasers, in connection with the sale by Cleco Corporate Holdings LLC (Cleco) of $300 million aggregate principal amount of senior notes due 2029 in a private placement, with registration rights, under Regulation S and Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers.

Cleco is a public utility holding company that holds investments in several subsidiaries, including Cleco Power LLC and Cleco Cajun LLC. Cleco Power LLC is a wholly owned regulated electric utility subsidiary of Cleco that engages primarily in the generation, transmission, distribution and sales of electricity, serving approximately 291,000 customers in Louisiana through its retail business and supplying wholesale power to customers in Louisiana and Mississippi. Cleco Cajun LLC is a wholly owned unregulated subsidiary of Cleco that owns eight generating assets totaling a net capacity of 3,555 MW, transmission operations and contracts to provide wholesale power and capacity to nine Louisiana cooperatives, three municipalities across Arkansas, Louisiana and Texas and one investor-owned utility. Cleco is owned and managed by a consortium of investors, including MIP Cleco Partners L.P. (an affiliate of Macquarie Group Limited), affiliates of British Columbia Investment Management Corporation and John Hancock Financial.

The Hunton Andrews Kurth team included Pete O’Brien, Adam O’Brian and Patrick Jamieson. Robert McNamara provided tax advice.