Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2025

This note should be read in conjunction with the complete description under Item 15 — Note 10, Long-term Debt, to the consolidated financial statements included in the Company’s 2024 Form 10-K. The Company’s borrowings, including short-term and long-term portions, consisted of the following:


	Maturity Date	June 30, 2025		December 31, 2024		Interest Rate (a)
		(In millions)
Intercompany Note with Clearway, Inc.	2025	$	4	$	—	3.94	%
Senior Notes	2028-2032	2,125		2,125		3.750% - 4.750%
Clearway Energy LLC and Clearway Energy Operating LLC Revolving Credit Facility (b) (c)	2028	112		—		S+1.500%
Non-recourse facility-level debt:
Fixed rate	2031-2040	3,105		3,190		2.339% - 8.000%
Variable rate	2025-2033	3,438		1,920		S+1.250% - 2.775%
Total debt		8,784		7,235
Less current maturities		(464)		(430)
Less net debt issuance costs		(71)		(57)
Add premiums (d)		2		2
Total long-term debt		$	8,251	$	6,750

(a) As of June 30, 2025, S+ equals SOFR plus x%.

(b) Applicable rate is determined by the borrower leverage ratio, as defined in the credit agreement.

(d) Premiums relate to the 2028 Senior Notes.

Clearway Energy LLC 10-Q