Loan & DebtJul 31, 2026, 04:48 PM
CenterPoint Energy Issues $700M Junior Subordinated Notes
AI Summary
CenterPoint Energy, Inc. entered into an Underwriting Agreement for the public offering of $700,000,000 aggregate principal amount of 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058. The Notes are unsecured obligations, ranking junior to the Company's Senior Indebtedness. Interest will accrue from August 3, 2026, and is payable semi-annually, with the Company having the option to defer interest payments under certain conditions.
Key Highlights
- CenterPoint Energy issued $700,000,000 aggregate principal amount of Notes.
- The Notes are 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E.
- The Notes mature on August 15, 2058.
- Interest is 6.400% until August 15, 2033, then resets every five years.
- Interest is payable semi-annually, starting February 15, 2027.
- The Notes are unsecured and rank junior to the Company's Senior Indebtedness.
- The Company has the option to defer interest payments for up to 20 consecutive semi-annual periods.
Price Impact
More from CNP