CenterPoint Energy said it entered into an Underwriting Agreement with underwriters on August 12, 2024 for a public offering of $400,000,000 of Series A Notes and $400,000,000 of Series B Notes.

1. 01

   CenterPoint Energy said it entered into an Underwriting Agreement with underwriters on August 12, 2024 for a public offering of $400,000,000 of Series A Notes and $400,000,000 of Series B Notes.

2. 02

   The company said the Series A Notes will bear a fixed rate of 7.000% per year through February 15, 2030, and the Series B Notes 6.850% per year through February 15, 2035. It added that the rates will then reset every 5 years, based on the Five-year Treasury Rate plus spreads of 3.254% and 2.946%, respectively.

3. 03

   The company said the Notes are unsecured obligations and are junior and subordinate in right of payment to its existing and future Senior Indebtedness. Interest will accrue from August 14, 2024 and be payable semi-annually in arrears on February 15 and August 15, and the Notes mature on February 15, 2055.

4. 04

   The company said it may defer interest on each series of Notes, provided no event of default has occurred and is continuing, for one or more deferral periods of up to 20 consecutive semi-annual interest payment periods. It said that during any deferral period, it will not declare or pay dividends or distributions on its capital stock, subject to certain exceptions.

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Original filing

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