Deal Description: On August 10, 2023, CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”) announced the closing of its underwritten public offering and sale of $400 million aggregate principal amount of 5.25% Senior Notes due 2026. CenterPoint Energy intends to use the net proceeds from the offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper.
Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC served as representatives and joint bookrunners. C.L. King & Associates served as co-manager.
As the only investor owned electric and gas utility based in Texas, CenterPoint Energy is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas.
Baker Botts represented CenterPoint Energy in the above offering and has represented CenterPoint Energy and its predecessors for over 100 years.
Client: CenterPoint Energy, Inc.
Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP
Value: $400 million
Baker Botts Lawyers/Office Involved:
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