CenterPoint Energy completed the sale of $1,000,000,000 aggregate principal amount of 3.00% Convertible Senior Notes due 2028 on July 31, 2025, which amount included an additional $100,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers.

1. 01

   CenterPoint Energy completed the sale of $1,000,000,000 aggregate principal amount of 3.00% Convertible Senior Notes due 2028 on July 31, 2025, which amount included an additional $100,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers.

2. 02

   The company said the net proceeds from the sale, after deducting initial purchaser discounts and other offering expenses, were approximately $986.8 million. The Notes bear interest at 3.00% per year, payable semiannually in arrears on February 1 and August 1, and mature on August 1, 2028.

3. 03

   The company said the conversion rate for the Notes is 21.4477 shares of Common Stock per $1,000 principal amount of Notes, equivalent to an initial conversion price of approximately $46.63, which represents a premium of approximately 25.0% over the last reported sale price of the Common Stock on the New York Stock Exchange on July 28, 2025. A maximum of 26,809,600 shares of Common Stock may be issued upon conversion of the Notes based on the initial maximum conversion rate.

4. 04

   Upon conversion, the Company will pay cash up to the aggregate principal amount of the Notes being converted and pay or deliver cash, shares of Common Stock, or a combination thereof, at its election, for any excess. If a fundamental change occurs, holders may require the Company to repurchase their Notes for cash at 100% of the principal amount plus accrued and unpaid interest.

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