CenterPoint Energy, Inc. announced the commencement of cash tender offers for certain outstanding notes, targeting an aggregate purchase price of up to $1,000,000,000. This includes up to $600,000,000 of CenterPoint Energy Notes and up to $400,000,000 of CenterPoint Energy Resources Corp. (CERC) Notes.
The purpose of these Tender Offers is to reduce CenterPoint Energy's and CERC's outstanding indebtedness. The offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase dated April 25, 2025.
Holders who tender their notes by the Early Tender Date of May 8, 2025, will be eligible to receive the applicable Total Consideration, which includes an early tender payment of $30 per $1,000 principal amount. The settlement date for notes tendered by the Early Tender Date is expected to be May 13, 2025.
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