CenterPoint Energy’s Vectren repays, terminates $400 million revolver

By William Gullotti

Buffalo, N.Y., July 5 – CenterPoint Energy, Inc.’s indirect subsidiary Vectren Utility Holdings, Inc. repaid in full all outstanding debt and terminated all remaining commitments and obligations under its $400 million amended and restated credit agreement dated Feb. 4, 2021, according to an 8-K filing with the Securities and Exchange Commission.

Vectren repaid the revolver, which was set to mature on Feb. 4, 2024, on June 30 in connection with an internal restructuring.

Vectren also terminated its commercial paper program, which was backstopped by the credit agreement. The program had no outstanding obligations at termination, and no penalties were incurred in connection with the early termination.

CenterPoint Energy is a public utility holding company based in Houston.

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