CENTERPOINT ENERGY INC (CNP): debt financing — SIGECO issues $180M of first mortgage bonds in two tranches at 4.98% and 5.04%

CENTERPOINT ENERGY INC

SIGECO issued $100M of 4.98% Series 2023A Tranche A bonds due 2028 and $80M of 5.04% Tranche B bonds due 2033.
Bonds are secured ratably with existing first mortgage bonds under an amended indenture with Deutsche Bank as trustee.
Proceeds will be used for general corporate purposes, including repaying short-term debt and refunding long-term debt.
Interest payable semi-annually on March 15 and September 15, beginning September 15, 2023.
Offered via private placement exempt from Securities Act registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

CENTERPOINT ENERGY INC incurred senior notes of $100,000,000 4.98% First Mortgage Bonds, Series 2023A, Tranche A due 2028 and $80,000,000 5.04% First Mortgage Bonds, Se with certain institutional investors in the private placement market at 4.98% per annum maturing March 15, 2028.

Instrument: senior notes
Principal: $100,000,000 4.98% First Mortgage Bonds, Series 2023A, Tranche A due 2028 and $80,000,000 5.04% First Mortgage Bonds, Se
Counterparty: certain institutional investors in the private placement market
Rate: 4.98% per annum
Maturity: March 15, 2028
Event: incurrence

Exact text from the filing

On March 15, 2023, Southern Indiana Gas and Electric Company (“SIGECO”), a wholly-owned subsidiary of CenterPoint Energy, Inc. (the “Company”), and certain institutional investors in the private placement market (“Purchasers”) entered into a Bond Purchase Agreement (“Bond Purchase Agreement”), under which SIGECO agreed to sell, and each Purchaser agreed to severally purchase on March 15, 2023, $100,000,000 4.98% First Mortgage Bonds, Series 2023A, Tranche A due 2028 (the “Tranche A Bonds”) and $80,000,000 5.04% First Mortgage Bonds, Series 2023A, Tranche B due 2033 (the “Tranche B Bonds”, and together with the Tranche A Bonds, the “Bonds”) in the series and tranche as set forth in the Bond Purchase Agreement.

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Source: SEC EDGAR

accession 0001193125-23-072741

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