Cleco Corporate Holdings LLC
04/27/2026 | Press release | Distributed by Public on 04/27/2026 14:22
Material Event (Form 8-K)
Item 8.01 Other Events.
Cleco Corporate Holdings LLC and Cleco Power LLC are indirect wholly owned subsidiaries of Cleco Partners L.P. On April 24, 2026, Cleco Partners L.P. entered into an Equity Purchase Agreement (the "Purchase Agreement") with affiliated acquisition entities sponsored by Stonepeak and Bernhard Capital Partners (collectively, the "Buyer"). Pursuant to the Purchase Agreement, and subject to the satisfaction or waiver of the conditions set forth therein, the Buyer has agreed to acquire all of the outstanding equity interests of Cleco Group, LLC, ("Cleco"), a consolidated subsidiary of Cleco Partners L.P., from Cleco Partners L.P. (the "Transaction"). Cleco is currently privately held and is expected to remain privately held, following the completion of the Transaction under new ownership.
Completion of the Transaction is subject to various customary closing conditions, including, among others, receipt of required regulatory approvals, including approvals from the Louisiana Public Service Commission, the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary conditions. There can be no assurance that the conditions to the completion of the Transaction will be satisfied or waived or that the Transaction will be completed on the terms currently contemplated or at all.
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