HOUSTON, Aug. 15, 2019 /PRNewswire/ -- CenterPoint
Energy, Inc. (NYSE: CNP) today announced the closing on
August 14, 2019 of its offering and
sale of $1.2 billion of senior notes
comprised of $500 million aggregate
principal amount of 2.50% senior notes due 2024, $400 million aggregate principal amount of 2.95%
senior notes due 2030 and $300
million aggregate principal amount of 3.70% senior notes due
2049. The net proceeds from the offering will be used for general
corporate purposes, including the repayment of a portion of
CenterPoint Energy, Inc.'s outstanding commercial paper that was
issued, in part, to (i) refinance commercial paper to fund a
portion of the cash consideration paid for all of the shares of
Vectren Corporation ("Vectren"), (ii) pay merger fees and expenses,
(iii) pay a cash dividend to Vectren stockholders as of
February 1, 2019 and (iv) fund
certain of Vectren's long-term incentive payments.
BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P.
Morgan, Morgan Stanley and Wells Fargo Securities served as
representatives and joint bookrunners. Additional joint
book-running managers were Barclays, Citigroup, Credit Suisse,
Deutsche Bank Securities, MUFG and RBC Capital Markets. BB&T
Capital Markets, BNP PARIBAS, Fifth Third Securities and
Huntington Capital Markets served as senior co-managers. Loop
Capital Markets and R. Seelaus & Co., LLC served as
co-managers.
This news release does not constitute an offer to sell, or the
solicitation of any offer to buy, any securities and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering would be unlawful.
This news release includes forward-looking statements. Actual
events and results may differ materially from those
projected. The statements in this news release regarding the
use of proceeds from the offering and other statements that are not
historical facts are forward-looking statements. Factors that could
affect actual results include, but are not limited to, factors
discussed in CenterPoint Energy, Inc.'s Annual Report on Form 10-K
for the fiscal year ended December 31,
2018, CenterPoint Energy, Inc.'s Quarterly Reports on Form
10-Q for the quarterly periods ended March
31, 2019 and June 30, 2019 and
CenterPoint Energy, Inc.'s other filings with the Securities and
Exchange Commission.
Headquartered in Houston,
Texas, CenterPoint Energy, Inc. is an energy delivery
company with regulated utility businesses in eight states and a
competitive energy businesses footprint in nearly 40 states.
Through its electric transmission & distribution, power
generation and natural gas distribution businesses, the company
serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy, Inc.'s competitive
energy businesses include natural gas marketing and energy-related
services; energy efficiency, sustainability and infrastructure
modernization solutions; and construction and repair services for
pipeline systems, primarily natural gas. The company also owns 53.8
percent of the common units representing limited partner interests
in Enable Midstream Partners, LP, a publicly traded master limited
partnership that owns, operates and develops strategically located
natural gas and crude oil infrastructure assets. With approximately
14,000 employees and approximately $34
billion in assets, CenterPoint Energy, Inc. and its
predecessor companies have been in business for more than 150
years.
For more information contact
Media:
Alicia Dixon
Phone 713.207.5885
Investors:
Dave Mordy
Phone 713.207.6500
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SOURCE CenterPoint Energy, Inc.