CenterPoint Energy, Inc. Announces Sale of $650 Million in Convertible Senior Notes

Details

completed the sale of $650 million aggregate principal amount of 2.875% Convertible Senior Notes due 2029. The notes were sold in a private offering and will bear interest at a rate of 2.875% per year, payable semiannually. The notes are convertible into the company's common stock under certain conditions and will mature on May 15, 2029. The net proceeds from the sale, after deducting estimated discounts and expenses, were approximately $641.5 million.

Items reported

About CenterPoint Energy Inc.

CenterPoint Energy Inc. is a publicly traded utility company providing energy delivery and related services across several states in the United States. It primarily operates in the utilities sector, focusing on electric transmission and distribution, as well as natural gas distribution. CenterPoint Energy serves millions of customers, ensuring they receive reliable and affordable energy solutions. The company plays a vital role in maintaining and upgrading the fundamental infrastructure that supports electricity and gas delivery, essential for residential, commercial, and industrial clients. Headquartered in Houston, Texas, CenterPoint Energy is also involved in the transition to cleaner energy sources, contributing to initiatives in renewable energy and sustainability. Its strategic endeavors include modernizing grids and enhancing system resilience to meet growing energy demands. As a major player in the utility market, CenterPoint Energy offers critical energy services that support economic development and quality of life in the regions it serves.