Deal Description: September 18 – CenterPoint Energy Houston Electric, LLC (“CEHE”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”), announced the closing of its underwritten public offering of $500 million aggregate principal amount of 5.20% General Mortgage Bonds, Series AM, due 2028.
CEHE intends to use the net proceeds from the offering for general limited liability company purposes, including capital expenditures and the repayment of all or a portion of its borrowings under the CenterPoint Energy money pool.
MUFG Securities Americas Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC served as joint book-running managers. Blaylock Van, LLC and Cabrera Capital Markets served as co-managers.
CEHE provides electric transmission service to transmission service customers in the Electric Reliability Council of Texas region and distribution service to retail electric providers serving approximately 2.7 million metered customers in the Texas Gulf Coast area that includes the city of Houston.
Client: CenterPoint Energy Houston Electric, LLC
Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP
Baker Botts Lawyers/Office Involved:
- Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Josh Gonzales (Senior Associate; Houston); Chandler Block (Associate; Houston)
- Tax: Michael Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston)
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