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Baker Botts Represents CenterPoint Energy Resources Corp. in $400 Million Offering of Senior Notes

Release

Deal Description: On June 20, 2024, CenterPoint Energy Resources Corp., an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), announced the closing of its offering and sale of $400 million aggregate principal amount of 5.40% senior notes due 2034. The net proceeds from the offering will be used for general corporate purposes, including the repayment of all or a portion of its outstanding commercial paper.

BNY Mellon Capital Markets, LLC, US Bancorp and Wells Fargo Securities served as joint bookrunners. R. Seelaus & Co., LLC served as co-manager.

CenterPoint Energy Resources Corp. directly owns and operates natural gas distribution systems 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.

Value: $400,000,000

Baker Botts Lawyers/Office Involved:

  • Corporate: Tim Taylor (Partner; Houston); Clint Rancher (Partner; Houston); Rob Cowan (Associate; Austin); Sarah Dyer (Associate; Houston)

  • Tax: Mike Bresson (Partner; Houston); Jared Meier (Senior Associate; Houston)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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