8-KMaterial AgreementsExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Material Agreement (Aug 9, 2023)

Filed August 9, 2023For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) announced on August 8, 2023, the execution of an Underwriting Agreement for a public offering of $400 million in aggregate principal amount of 5.25% Senior Notes due 2026. This offering is being conducted under the company's existing registration statement and will be structured in accordance with the company's base indenture dated May 19, 2003, as supplemented by a new supplemental indenture dated August 10, 2023. This debt issuance allows CenterPoint Energy to raise capital, likely for general corporate purposes or to refinance existing debt. Investors should note the coupon rate of 5.25% for these notes, which mature in 2026. The filing also includes references to the relevant underwriters and the filing of the underwriting agreement and indenture forms as exhibits, providing transparency on the terms of the debt offering.

Key Highlights

  • 1CenterPoint Energy is conducting a public offering of $400 million in Senior Notes due 2026.
  • 2The Senior Notes will carry a fixed interest rate of 5.25% per annum.
  • 3The offering is being made pursuant to the company's Form S-3 registration statement.
  • 4The new notes will be issued under the company's existing indenture, as supplemented by a new Supplemental Indenture No. 14.
  • 5Key underwriters include Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC.
  • 6The Underwriting Agreement and relevant indenture forms have been filed as exhibits to the 8-K.

Frequently Asked Questions

The 8-K filing does not explicitly state the purpose of the offering. However, such debt issuances are typically used for general corporate purposes, which can include funding capital expenditures, refinancing existing debt, or managing working capital needs.

The Senior Notes have an aggregate principal amount of $400 million, a coupon rate of 5.25% per annum, and a maturity date in 2026.

CenterPoint Energy, Inc. is the issuer. The underwriters for this public offering are Barclays Capital Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC, acting as representatives of the several Underwriters. The Bank of New York Mellon Trust Company, National Association serves as the trustee.

The Underwriting Agreement and the forms of the Supplemental Indenture (including the form of the Notes) have been filed as Exhibits 1.1, 4.1, and 4.2 to this Current Report on Form 8-K. These documents are incorporated by reference and can be accessed through the SEC's EDGAR database.