Form 8-K · Current Report · Filed 2024-10-31
CenterPoint Energy Announces $500M Notes Offering
On October 29, 2024, CenterPoint Energy, Inc.
- Filer
- CenterPoint Energy Inc. CNP · NYSE
- Filed
- Accession
- 0001193125-24-248084
- CIK
- 0001130310
- Signal
- Medium impactUtilities
- Source
- Official filing on sec.gov ↗
Details
announced the entry into an Underwriting Agreement for a public offering of $500M aggregate principal amount of 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series C, due 2055. The offering is being made pursuant to the Company's registration statement on Form S-3. The Notes will be the Company's unsecured obligations and will rank junior and subordinate in right of payment to the prior payment in full of the Company's existing and future Senior Indebtedness.
Items reported
Entry into a Material Definitive Agreement
Financial Statements and Exhibits
Market reaction
Close before filing
$29.26
Next session
-2.3%
Since filing
+43.7%
Latest close
$42.04
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Precedent
Previous filings from CNP reporting the same item, with the next session's move:
Exhibits (4)
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.
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