By Cristal Cody
Tupelo, Miss., Aug. 7 – CenterPoint Energy, Inc. priced a $500 million issue of 2.5% five-year senior notes on Monday at a spread of 70 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB+/BBB) priced at 99.971 to yield 2.506%.
Barclays, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and MUFG were the bookrunners.
Proceeds will be used for general corporate purposes.
CenterPoint Energy is a public utility holding company based in Houston.
| Issuer: | CenterPoint Energy, Inc.
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Sept. 1, 2022
|
| Bookrunners: | Barclays, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and MUFG
|
| Senior co-manager: | TD Securities (USA) LLC
|
| Co-managers: | Evercore Group LLC and Samuel A. Ramirez & Co., Inc.
|
| Coupon: | 2.5%
|
| Price: | 99.971
|
| Yield: | 2.506%
|
| Spread: | Treasuries plus 70 bps
|
| Call features: | Make-whole call at greater of par or Treasuries plus 12.5 bps before Aug. 1, 2022; thereafter at par
|
| Trade date: | Aug. 7
|
| Settlement date: | Aug. 10
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
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