8-KOther Events

CENTERPOINT ENERGY INC 8-K Report (May 1, 2003)

Filed May 1, 2003For Securities:CNP

Summary

This 8-K filing by CenterPoint Energy, Inc. (CNP) on May 1, 2003, primarily details a private placement of $112 million in senior notes by its subsidiary, CenterPoint Energy Resources Corp. (CERC), which closed on April 14, 2003. These notes were added to and form a single series with CERC's existing 7.875% senior notes due April 1, 2013. The offering was conducted under Rule 144A of the Securities Act of 1933, indicating they were sold to institutional investors and were not registered with the SEC. Additionally, the report includes transcripts from a first-quarter 2003 earnings conference call held on April 24, 2003. This call provided insights into the company's financial performance and operational updates for the quarter. Investors should note the details of the debt issuance and the financial and operational information discussed during the earnings call as key points of interest.

Key Highlights

  • 1CenterPoint Energy Resources Corp. (CERC) completed a private placement of $112 million in senior notes on April 14, 2003.
  • 2The new senior notes were added to CERC's existing 7.875% senior notes due April 1, 2013, forming a single series.
  • 3The offering was made under Rule 144A, targeting institutional investors and not requiring SEC registration.
  • 4The filing includes supplemental indentures related to the senior notes issuance.
  • 5CenterPoint Energy held a conference call on April 24, 2003, to discuss its first-quarter 2003 financial results.
  • 6Transcripts of the Q1 2003 earnings call are attached as exhibits, providing management's commentary and Q&A.
  • 7The information related to the earnings call is furnished under Regulation FD disclosure rules.

Frequently Asked Questions

The main purpose of this 8-K filing is to report on the completion of a private placement of $112 million in senior notes by CenterPoint Energy Resources Corp. (CERC) and to provide transcripts of the company's first-quarter 2003 earnings conference call.

CERC issued $112 million of senior notes in a private placement. These notes form a single series with the existing 7.875% senior notes due April 1, 2013. The offering was made under Rule 144A and closed on April 14, 2003.

The filing includes transcripts of remarks by CenterPoint Energy executives Marianne Paulsen, David M. McClanahan, and Gary Whitlock, as well as the question-and-answer session from the April 24, 2003, conference call. This provides insights into the company's financial performance and operational updates for the first quarter of 2003.

No, the newly issued senior notes were not registered under the Securities Act of 1933. They were offered and sold in a private placement to institutional investors pursuant to Rule 144A, which provides an exemption from SEC registration requirements.