CenterPoint Energy, Inc. Announces Closing of $1.2 Billion Offering of Senior Notes

Source Press Release
Company CenterPoint Energy, Inc. 
Tags Debt Financing, Financing
Date August 15, 2019

CenterPoint Energy, Inc. (NYSE: CNP) today announced the closing on August 14, 2019 of its offering and sale of $1.2 billion of senior notes comprised of $500 million aggregate principal amount of 2.50% senior notes due 2024, $400 million aggregate principal amount of 2.95% senior notes due 2030 and $300 million aggregate principal amount of 3.70% senior notes due 2049. The net proceeds from the offering will be used for general corporate purposes, including the repayment of a portion of  CenterPoint Energy, Inc.'s outstanding commercial paper that was issued, in part, to (i) refinance commercial paper to fund a portion of the cash consideration paid for all of the shares of Vectren Corporation ("Vectren"), (ii) pay merger fees and expenses, (iii) pay a cash dividend to Vectren stockholders as of February 1, 2019 and (iv) fund certain of Vectren's long-term incentive payments.

BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley and Wells Fargo Securities served as representatives and joint bookrunners. Additional joint book-running managers were Barclays, Citigroup, Credit Suisse,  Deutsche Bank Securities, MUFG and RBC Capital Markets. BB&T Capital Markets, BNP PARIBAS, Fifth Third Securities and Huntington Capital Markets served as senior co-managers. Loop Capital Markets and R. Seelaus & Co., LLC served as co-managers.  

This news release does not constitute an offer to sell, or the solicitation of any offer to buy, any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the use of proceeds from the offering and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include, but are not limited to, factors discussed in CenterPoint Energy, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2018, CenterPoint Energy, Inc.'s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2019 and June 30, 2019 and CenterPoint Energy, Inc.'s other filings with the Securities and Exchange Commission.

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