CenterPoint Energy Restoration Bond Co III, LLC: debt financing — $1.19B system restoration bond issuance by CenterPoint Energy subsidiaries

CenterPoint Energy Restoration Bond Co III, LLC

$1,193,474,000 of Series 2026-A Senior Secured System Restoration Bonds issued by CenterPoint Energy Restoration Bond Co III, LLC.
Underwriting agreement signed Feb 18, 2026 with Citigroup, JPMorgan, Morgan Stanley, and BofA as representatives.
Bonds secured by system restoration property and charges, per Texas Commission financing order (Docket 58252).
Closing expected Feb 26, 2026; U.S. Bank Trust Company named indenture trustee.
CenterPoint Energy Houston Electric to act as servicer under related System Restoration Property Servicing Agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CenterPoint Energy Restoration Bond Co III, LLC incurred senior notes of $1,193,474,000 aggregate principal amount with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc., as representatives of the underwriters.

Instrument: senior notes
Principal: $1,193,474,000 aggregate principal amount
Counterparty: Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc., as representatives of the underwriters
Event: incurrence

Exact text from the filing

$1,193,474,000 aggregate principal amount of the Issuing Entity’s Series 2026-A Senior Secured System Restoration Bonds

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CenterPoint Energy Restoration Bond Co III, LLC entered into Underwriting Agreement with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc. valued at $1,193,474,000 aggregate principal amount of Series 2026-A Senior Secured System Restoration Bonds (effective 2026-02-18).

Action: entry
Agreement: underwriting
Counterparty: Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc.
Value: $1,193,474,000 aggregate principal amount of Series 2026-A Senior Secured System Restoration Bonds
Effective: 2026-02-18

Exact text from the filing

On February 18, 2026, CenterPoint Energy Houston Electric, LLC, a Texas limited liability company (“CenterPoint Houston”), and CenterPoint Energy Restoration Bond Company III, LLC, a Delaware limited liability company (the “Issuing Entity”), entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BofA Securities, Inc., as representatives of the underwriters named therein (collectively, the “Underwriters”), with respect to the purchase and sale of $1,193,474,000 aggregate principal amount of the Issuing Entity’s Series 2026-A Senior Secured System Restoration Bonds (the “Bonds”) to be issued by the Issuing Entity pursuant to an Indenture, to be dated as of February 26, 2026, by and among the Issuing Entity, U.S. Bank Trust Company, National Association, as indenture trustee (the “Trustee”), and U.S. Bank National Association, as securities intermediary, as supplemented by a Series

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Source: SEC EDGAR

accession 0001104659-26-017609

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