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CenterPoint Energy markets senior notes due 2021, 2024 and 2028
By Cristal Cody
Tupelo, Miss., Oct. 3 – CenterPoint Energy, Inc. is marketing dollar-denominated senior notes due 2021, 2024 and 2028, according to a 424B5 filing with the Securities and Exchange Commission on Wednesday.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Mizuho Securities USA LLC, MUFG and RBC Capital Markets, LLC are the bookrunners.
Proceeds will be used to fund acquisition costs for the company’s merger with Vectren Corp. If the merger is not completed on or before Oct. 31, 2019, the notes have a special call at 101%.
Proceeds will also be used for general corporate purposes, including repaying a portion of the company’s borrowings under the CenterPoint Energy money pool, retiring its 6.125% senior notes due 2017 and redeeming its 6% senior notes due 2018.
CenterPoint Energy is a Houston-based public utility holding company.
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