CenterPoint Energy increases commitments by $400 million, extends them

By Angela McDaniels

Tacoma, Wash., June 19 – CenterPoint Energy, Inc. amended its credit agreement on Friday to increase the commitments to $1.7 billion from $1.6 billion, and subsidiary CenterPoint Energy Resources Corp. amended its credit agreement to increase the commitments to $900 million from $600 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendments also extended the maturity date of the commitments to March 3, 2022 from March 3, 2021 and terminated the swingline loan subfacility under each credit agreement.

JPMorgan Chase Bank, NA is the administrative agent for CenterPoint Energy’s credit agreement, and Wells Fargo Bank, NA is the administrative agent for CenterPoint Energy Resources’ credit agreement.

CenterPoint Energy is a public utility holding company based in Houston. CenterPoint Energy Resources owns and operates natural gas distribution systems.

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