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CenterPoint Energy sells $1.2B of senior notes


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CenterPoint Energy sells $1.2B of senior notes

CenterPoint Energy Inc. sold $1.2 billion of senior notes in three tranches.

The securities consist of $500 million of 2.50% notes due Sept. 1, 2024, $400 million of 2.95% notes due March 1, 2030, and $300 million of 3.70% notes due Sept. 1, 2049, according to company filings.

Interest on the notes is payable March 1 and Sept. 1 of each year, beginning March 1, 2020.

The company plans to use the net proceeds from the offering for general corporate purposes including repayment of a portion of its outstanding commercial paper that was issued for expenses related to CenterPoint's closed acquisition of Vectren Corp.

BofA Securities Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC are the joint book-running managers for the offering.

BB&T Capital Markets, a division of BB&T Securities LLC, BNP Paribas Securities Corp., Fifth Third Securities Inc. and The Huntington Investment Co. served as senior co-managers, while Loop Capital Markets LLC and R. Seelaus & Co. LLC acted as co-managers.