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CenterPoint Energy prices $900 million convertible notes offering

Aug. 02, 2023 8:02 AM ETCenterPoint Energy, Inc. (CNP) StockBy: Jaskiran Singh, SA News Editor
  • CenterPoint Energy (NYSE:CNP) announced pricing of its offering of $900 million of 4.25% Convertible Senior Notes due 2026 in a private placement.
  • Additionally, CenterPoint granted the initial purchasers the option to purchase up to an additional $100 million aggregate principal amount of convertible notes within a 13-day period to when the notes were first issued.
  • CenterPoint Energy intends to use the net proceeds from this offering for redemption of Series A preferred stock and repayment of a portion of its outstanding commercial paper.
  • Source: Press Release

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