New Issue-Cleco Power LLC sells $145 mln notes in reopen

Mon Nov 9, 2009 3:07pm EST 

  Nov 9 (Reuters) - Cleco Power LLC (CNL.N) on Monday sold
$145 million of notes in a senior unsecured reopening, said
IFR, a Thomson Reuters service.
  Keybanc Capital Markets and Calyon were the joint
bookrunning managers for the sale.
BORROWER: CLECO POWER LLC
AMT $145 MLN*     COUPON 6.50 PCT     MATURITY 12/1/2035 
TYPE SR NTS       ISS PRICE 96.806    FIRST PAY 6/1/2010 
MOODY'S Baa2      YIELD 6.762 PCT     SETTLEMENT 11/13/2009
S&P TRIPLE-B      SPREAD 237.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH N/A          MORE THAN TREAS    MAKE-WHOLE CALL 30 BPS
*TOTAL SIZE AFTER REOPENING $295 MILLION
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