Debt

3 Months Ended

Mar. 31, 2021

DEBT

Long-Term Debt

The following table presents our long-term debt:


		March 31,		December 31,
Series	Due	2021		2020
		(In Thousands)
AES Indiana first mortgage bonds:
3.875% (1)	August 2021	$	55,000	$	55,000
3.875% (1)	August 2021	40,000		40,000
3.125% (1)	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
4.875%	November 2048	105,000		105,000
0.75% (2)	April 2026	30,000		30,000
0.95% (2)	April 2026	60,000		60,000
Unamortized discount – net		(5,968)		(6,006)
Deferred financing costs		(17,159)		(17,384)
Total AES Indiana first mortgage bonds		1,780,673		1,780,410
Total Long-term Debt – AES Indiana		1,780,673		1,780,410
Long-term Debt – IPALCO:
3.70% Senior Secured Notes	September 2024	405,000		405,000
4.25% Senior Secured Notes	May 2030	475,000		475,000
Unamortized discount – net		(600)		(625)
Deferred financing costs		(8,280)		(8,600)
Total Long-term Debt – IPALCO		871,120		870,775
Total Consolidated IPALCO Long-term Debt		2,651,793		2,651,185
Less: Current Portion of Long-term Debt		94,945		94,907
Net Consolidated IPALCO Long-term Debt		$	2,556,848	$	2,556,278

(1)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.

(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. The notes have a final maturity date of December 31, 2038, but are subject to a mandatory put in April 2026.

AES Indiana First Mortgage Bonds

AES Indiana has $95 million of 3.875% first mortgage bonds that are due August 1, 2021. Management plans to refinance these first mortgage bonds with new debt. In the event that we are unable to refinance these first mortgage bonds on acceptable terms, AES Indiana has available borrowing capacity on its revolving credit facility that could be used to satisfy the obligation.

IPALCO’s Senior Secured Notes

IPALCO agreed to register the 2030 IPALCO Notes under the Securities Act by filing an exchange offer registration statement or, under specified circumstances, a shelf registration statement with the SEC pursuant to a Registration Rights Agreement dated April 14, 2020. IPALCO filed its registration statement on Form S-4 with respect to the 2030 IPALCO Notes with the SEC on March 22, 2021, and this registration statement was declared effective on April 7, 2021.

Line of CreditAs of March 31, 2021 and December 31, 2020, AES Indiana had $90.0 million and $75.0 million in outstanding borrowings on the committed line of credit, respectively.