| Schedule Long-Term Indebtedness |
The following table presents our long-term debt: | | | | | | | | | | | | | | September 30, | December 31, | | Series | Due | 2026 | 2025 | | | (In Thousands) | | AES Indiana first mortgage bonds: | | | 0.750% (1) | April 2026 | $ | — | | $ | 30,000 | | 0.95% (1) | April 2026 | — | | 60,000 | | 1.40% (2) | August 2029 | 55,000 | | 55,000 | | | 5.65% | December 2032 | 350,000 | | 350,000 | | | 6.60% | January 2034 | 100,000 | | 100,000 | | | 5.05% | August 2035 | 350,000 | | 350,000 | | | 6.05% | October 2036 | 158,800 | | 158,800 | | | 6.60% | June 2037 | 165,000 | | 165,000 | | 4.90% (1) | December 2038 | 30,000 | | — | | 5.15% (1) | December 2038 | 60,000 | | — | | | 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 | | | 5.70% | April 2054 | 650,000 | | 650,000 | | | Unamortized discount – net | | (8,730) | | (9,021) | | | Deferred financing costs | | (27,933) | | (27,705) | | | | | Total long-term debt – AES Indiana | 3,037,137 | | 3,037,074 | | Long-term debt – IPALCO: | | | | | | | 4.25% Senior Secured Notes | May 2030 | 475,000 | | 475,000 | | 5.75% Senior Secured Notes | April 2034 | 400,000 | | 400,000 | | | Unamortized discount – net | | (1,163) | | (1,249) | | | Deferred financing costs | | (6,640) | | (7,448) | | Total long-term debt – IPALCO | 867,197 | | 866,303 | | Total consolidated IPALCO long-term debt | 3,904,334 | | 3,903,377 | | Less: current portion of long-term debt | | — | | 89,902 | | Net consolidated IPALCO long-term debt (3) | | $ | 3,904,334 | | $ | 3,813,475 | | | | | |
(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. The notes have a final maturity date of December 1, 2038, but were subject to a mandatory put in April 2026. See Significant Transactions below for further details. (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)Excludes $0.0 million and $0.2 million (current) and $107.0 million and $107.1 million (non-current) finance lease liabilities included in the respective short-term debt and long-term debt line items on the Condensed Consolidated Balance Sheets as of September 30, 2026 and December 31, 2025, respectively. See Note 13, “Leases” for further information.
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