CenterPoint Energy, Inc. announced its intention to offer, subject to market and other conditions, $900 million aggregate principal amount of Convertible Senior Notes due 2028. The offering will be a private placement to qualified institutional buyers.
CenterPoint also intends to grant the initial purchasers an option to buy up to an additional $100 million aggregate principal amount of convertible notes. The notes will be senior, unsecured obligations of CenterPoint and will mature on August 1, 2028.
Interest on the convertible notes will be paid semiannually, beginning February 1, 2026. CenterPoint intends to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper and other debt.
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