8-KMaterial AgreementsExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Material Agreement (May 12, 2021)

Filed May 12, 2021For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) filed an 8-K on May 12, 2021, detailing a significant debt offering. The company entered into an Underwriting Agreement to issue a total of $1.7 billion in aggregate principal amount of senior notes across three tranches: $700 million in Floating Rate Notes due 2024, $500 million in 1.45% Senior Notes due 2026, and $500 million in 2.65% Senior Notes due 2031. This offering, conducted under an existing Form S-3 registration statement, aims to raise substantial capital. The notes are being issued pursuant to an established indenture, further supplemented by specific indentures for each note series. Investors should note the involvement of prominent financial institutions as underwriters, who have a history of providing various financial services to CenterPoint Energy. The filing incorporates by reference the full terms of the underwriting agreement and related indentures, offering transparency into the specifics of this debt issuance.

Key Highlights

  • 1CenterPoint Energy announced a public offering of $1.7 billion in aggregate principal amount of senior notes.
  • 2The offering includes three tranches: $700 million Floating Rate Notes due 2024, $500 million 1.45% Senior Notes due 2026, and $500 million 2.65% Senior Notes due 2031.
  • 3The debt issuance is being conducted under an existing Form S-3 registration statement.
  • 4The notes are governed by a base indenture dated May 19, 2003, with supplemental indentures specific to each note series.
  • 5Key underwriters include BofA Securities, Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, and U.S. Bancorp Investments, Inc.
  • 6The filing incorporates by reference the Underwriting Agreement and forms of Supplemental Indentures as exhibits.

Frequently Asked Questions

This 8-K filing is primarily to announce CenterPoint Energy's entry into a material definitive agreement related to the underwritten public offering of $1.7 billion in senior notes.

CenterPoint Energy is issuing three types of notes: $700 million in Floating Rate Notes due 2024, $500 million in 1.45% Senior Notes due 2026, and $500 million in 2.65% Senior Notes due 2031, for a total of $1.7 billion.

The offering is being made pursuant to CenterPoint Energy's registration statement on Form S-3 (Registration No. 333-238617) and related prospectus supplement.

More detailed information about the terms and provisions of each series of notes can be found in the respective Supplemental Indentures and the Company's prospectus supplement dated May 11, 2021, which are incorporated by reference in this filing and available through the SEC's EDGAR system.