CenterPoint Energy entered into an Underwriting Agreement for a $700 million public offering of 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2058. The notes pay 6.400% until Aug 15, 2033, then reset every five years to the Five-Year Treasury Rate plus 1.885%, with a 6.400% floor. Interest is payable semi-annually beginning Feb 15, 2027, and the notes are junior to the company's senior indebtedness. Proceeds are expected to support long-term financing needs and enhance balance sheet flexibility.
Agreement details:
- Agreement type: Underwriting agreement for public offering of junior subordinated notes
- Counterparty: Mizuho Securities USA; PNC Capital Markets; Scotia Capital (USA); TD Securities (USA); U.S. Bancorp Investments, as representatives of the underwriters
- Signed / Effective: Jul 30 2026 / same
- Duration / Termination: Transaction-specific
- Reason: Raise long-term capital and strengthen financing flexibility
Original SEC Filing:
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