Item 1.01 Entry Into a Material Definitive Agreement.
Ninth Supplemental Indenture
On January 6, 2020, Clearway Energy Operating LLC ("Clearway Operating LLC"), a
subsidiary of Clearway Energy LLC ("Clearway LLC"), the guarantors currently
party to the 2026 Notes Indenture (defined below), CBAD Holdings II, LLC (the
"Guaranteeing Subsidiary") and Delaware Trust Company (as successor in interest
to Law Debenture Trust Company of New York), as trustee (the "Trustee"), entered
into the ninth supplemental indenture (the "Ninth Supplemental Indenture"),
supplementing the indenture, dated as of August 18, 2016 (as amended or
supplemented to the date hereof, the "2026 Notes Indenture"), by and among
Clearway Operating LLC, the guarantors party thereto and the Trustee, pursuant
to which Clearway Operating LLC issued $350,000,000 in aggregate principal
amount of its 5.000% Senior Notes due 2026 (the "2026 Notes"). Pursuant to the
Ninth Supplemental Indenture, the Guaranteeing Subsidiary became a guarantor of
Clearway Operating LLC's obligations under the 2026 Notes. Each of Clearway
Operating LLC, Clearway LLC and the Guaranteeing Subsidiary are subsidiaries of
Clearway Energy, Inc.
The foregoing description of the Ninth Supplemental Indenture does not purport
to be complete and is qualified in its entirety by reference to the Ninth
Supplemental Indenture, which is attached as Exhibit 4.1 to this Current Report
on Form 8-K and is incorporated by reference herein.
Fifth Supplemental Indenture
On January 6, 2020, Clearway Operating LLC, the guarantors currently party to
the 2025 Notes Indenture (defined below), the Guaranteeing Subsidiary and the
Trustee also entered into the fifth supplemental indenture (the "Fifth
Supplemental Indenture"), supplementing the indenture, dated as of October 1,
2018 (as amended or supplemented to the date hereof, the "2025 Notes
Indenture"), by and among Clearway Operating LLC, the guarantors party thereto
and the Trustee, pursuant to which Clearway Operating LLC issued $600,000,000 in
aggregate principal amount of its 5.750% Senior Notes due 2025 (the "2025
Notes"). Pursuant to the Fifth Supplemental Indenture, the Guaranteeing
Subsidiary became a guarantor of Clearway Operating LLC's obligations under the
2025 Notes.
The foregoing description of the Fifth Supplemental Indenture does not purport
to be complete and is qualified in its entirety by reference to the Fifth
Supplemental Indenture, which is attached as Exhibit 4.2 to this Current Report
on Form 8-K and is incorporated by reference herein.
First Supplemental Indenture
On January 6, 2020, Clearway Operating LLC, the guarantors currently party to
the 2028 Notes Indenture (defined below), the Guaranteeing Subsidiary and the
Trustee also entered into the first supplemental indenture (the "First
Supplemental Indenture"), supplementing the indenture, dated as of December 11,
2019 (as amended or supplemented to the date hereof, the "2028 Notes
Indenture"), by and among Clearway Operating LLC, the guarantors party thereto
and the Trustee, pursuant to which Clearway Operating LLC issued $600,000,000 in
aggregate principal amount of its 4.750% Senior Notes due 2028 (the "2028
Notes"). Pursuant to the First Supplemental Indenture, the Guaranteeing
Subsidiary became a guarantor of Clearway Operating LLC's obligations under the
2028 Notes.
The foregoing description of the First Supplemental Indenture does not purport
to be complete and is qualified in its entirety by reference to the First
Supplemental Indenture, which is attached as Exhibit 4.3 to this Current Report
on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Document
4.1 Ninth Supplemental Indenture, dated as of January 6, 2020, among
Clearway Energy Operating LLC, the guarantors named therein and Delaware
Trust Company (as successor in interest to Law Debenture Trust Company
of New York).
4.2 Fifth Supplemental Indenture, dated as of January 6, 2020, among
Clearway Energy Operating LLC, the guarantors named therein and Delaware
Trust Company.
4.3 First Supplemental Indenture, dated as of January 6, 2020, among
Clearway Energy Operating LLC, the guarantors named therein and Delaware
Trust Company.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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