Debt (Tables)

12 Months Ended

Dec. 31, 2017

The following table presents our long-term debt:



		December 31,
Series	Due	2017			2016
		(In Thousands)
IPL first mortgage bonds:
5.40% ⁽¹⁾	August 2017	$	—		$	24,650
3.875% ⁽²⁾	August 2021	55,000			55,000
3.875% ⁽²⁾	August 2021	40,000			40,000
3.125% ⁽²⁾	December 2024	40,000			40,000
6.60%	January 2034	100,000			100,000
6.05%	October 2036	158,800			158,800
6.60%	June 2037	165,000			165,000
4.875%	November 2041	140,000			140,000
4.65%	June 2043	170,000			170,000
4.50%	June 2044	130,000			130,000
4.70%	September 2045	260,000			260,000
4.05%	May 2046	350,000			350,000
Unamortized discount – net		(6,353		)	(6,477		)
Deferred financing costs		(16,168		)	(16,736		)
Total IPL first mortgage bonds		1,586,279			1,610,237
IPL unsecured debt:
Variable ⁽³⁾	December 2020	30,000			30,000
Variable ⁽³⁾	December 2020	60,000			60,000
Deferred financing costs		(344		)	(456		)
Total IPL unsecured debt		89,656			89,544
Total Long-term Debt – IPL		1,675,935			1,699,781
Long-term Debt – IPALCO:
5.00% Senior Secured Notes	May 2018	—			400,000
3.45% Senior Secured Notes	July 2020	405,000			405,000
3.70% Senior Secured Notes	September 2024	405,000			—
Unamortized discount – net		(534		)	(273		)
Deferred financing costs		(7,863		)	(5,018		)
Total Long-term Debt – IPALCO		801,603			799,709
Total Consolidated IPALCO Long-term Debt		2,477,538			2,499,490
Less: Current Portion of Long-term Debt		—			24,650
Net Consolidated IPALCO Long-term Debt		$	2,477,538		$	2,474,840


(1)	First mortgage bonds issued to the city of Petersburg, Indiana, to secure the loan of proceeds from tax-exempt bonds issued by the city. IPL repaid these first mortgage bonds on August 1, 2017.


(2)	First mortgage bonds issued to the Indiana Finance Authority, to secure the loan of proceeds from tax-exempt bonds issued by the Indiana Finance Authority.


(3)	Unsecured notes issued to the Indiana Finance Authority by IPL to facilitate the loan of proceeds from various tax-exempt notes issued by the Indiana Finance Authority.

Maturities on long-term indebtedness subsequent to December 31, 2017, are as follows:

The following table presents IPL’s long-term debt:



		December 31,
Series	Due	2017			2016
		(In Thousands)
IPL first mortgage bonds:
5.40% ⁽¹⁾	August 2017	$	—		$	24,650
3.875% ⁽²⁾	August 2021	55,000			55,000
3.875% ⁽²⁾	August 2021	40,000			40,000
3.125% ⁽²⁾	December 2024	40,000			40,000
6.60%	January 2034	100,000			100,000
6.05%	October 2036	158,800			158,800
6.60%	June 2037	165,000			165,000
4.875%	November 2041	140,000			140,000
4.65%	June 2043	170,000			170,000
4.50%	June 2044	130,000			130,000
4.70%	September 2045	260,000			260,000
4.05%	May 2046	350,000			350,000
Unamortized discount – net		(6,353		)	(6,477		)
Deferred financing costs		(16,168		)	(16,736		)
Total IPL first mortgage bonds		1,586,279			1,610,237
IPL unsecured debt:
Variable ⁽³⁾	December 2020	30,000			30,000
Variable ⁽³⁾	December 2020	60,000			60,000
Deferred financing costs		(344		)	(456		)
Total IPL unsecured debt		89,656			89,544
Total Consolidated IPL Long-term Debt		1,675,935			1,699,781
Less: Current Portion of Long-term Debt		—			24,650
Net Consolidated IPL Long-term Debt		$	1,675,935		$	1,675,131


(1)	First mortgage bonds issued to the city of Petersburg, Indiana, to secure the loan of proceeds from tax-exempt bonds issued by the city. IPL repaid these first mortgage bonds on August 1, 2017.


(2)	First mortgage bonds issued to the Indiana Finance Authority, to secure the loan of proceeds from tax-exempt bonds issued by the Indiana Finance Authority.


(3)	Unsecured notes issued to the Indiana Finance Authority by IPL to facilitate the loan of proceeds from various tax-exempt notes issued by the Indiana Finance Authority.

Maturities on long-term indebtedness subsequent to December 31, 2017, are as follows: