CenterPoint Energy, Inc. announced the pricing and early results of its previously announced cash tender offers for outstanding notes, confirming the expectation to accept for purchase the full $1,000,000,000 aggregate purchase price of notes.
The offers included up to $600,000,000 of CenterPoint Energy Notes and up to $400,000,000 of CenterPoint Energy Resources Corp. (CERC) Notes. The Total Consideration for each $1,000 principal amount of notes was determined by reference to applicable fixed spreads and U.S. Treasury reference securities.
Due to the aggregate purchase price of tendered notes exceeding the maximum amounts, CenterPoint Energy expects to accept certain series of notes on a prorated basis. The Early Settlement Date for notes validly tendered and not withdrawn by May 8, 2025, is expected to be May 13, 2025.
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