By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – CenterPoint Energy, Inc. sold $400 million of 5.25% three-year senior notes (Baa2/BBB/BBB) on Tuesday at 99.816 to yield 5.317%, or a spread of Treasuries plus 90 basis points, according to an FWP filing with the Securities and Exchange Commission.
Barclays, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC were the bookrunners.
Proceeds will be used for general corporate purposes, including repaying a portion of outstanding commercial paper.
CenterPoint was recently in the debt markets. The company priced $1 billion of convertible senior notes, including the full exercise of the $100 million greenshoe, on Aug. 4.
The issuer is a Houston-based public utility company.
| Issuer: | CenterPoint Energy, Inc.
|
| Amount: | $400 million
|
| Description: | Senior notes
|
| Maturity: | Aug. 10, 2026
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc. and Morgan Stanley | & Co. LLC
|
| Co-manager: | C.L. King & Associates, Inc.
|
| Trustee: | Bank of New York Mellon Trust Co., NA
|
| Counsel to issuer: Baker Botts LLP and in-house
|
| Counsel to underwriters: | Hunton Andrews Kurth LLP
|
| Coupon: | 5.25%
|
| Price: | 99.816
|
| Yield: | 5.317%
|
| Spread: | Treasuries plus 90 bps
|
| Call features: | Make-whole call at Treasuries plus 15 bps
|
| Trade date: | Aug. 8
|
| Settlement date: | Aug. 10
|
| Ratings: | Moody’s: Baa2
|
| S&P: BBB
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
| Cusip: | 15189TBF3
|
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