Deal Description: On May 3, 2023, CenterPoint Energy Resources Corp., an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), announced the closing of its offering and sale of $300 million of 5.25% senior notes due 2028. The net proceeds from the offering will be used for general corporate purposes, including the repayment of a portion of the borrowings under its term loan agreement which matures on February 15, 2024. The offering constituted a reopening of the series of debt securities ($600 million of 5.25% senior notes due 2028) originally issued on February 23, 2023.
Barclays, Goldman Sachs & Co. LLC, J.P. Morgan and Wells Fargo Securities served as joint bookrunners. C.L. King & Associates served as co-manager.
CenterPoint Energy Resources Corp. directly owns and operates natural gas distribution facilities in Louisiana, Minnesota, Mississippi and Texas, and indirectly owns and operates natural gas distribution facilities in Indiana and Ohio through Indiana Gas Company, Inc. and Vectren Energy Delivery of Ohio, LLC. Additionally, CenterPoint Energy Resources Corp. owns and operates permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies through its subsidiary CenterPoint Energy Intrastate Pipelines, LLC.
Client: CenterPoint Energy Resources Corp.
Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP
Baker Botts Lawyers/Office Involved:
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