other material
confidence high
sentiment neutral
materiality 0.60
CenterPoint redeems $800M Series A Preferred; SIGECO remarkets $38.2M debt at 4.25%
CENTERPOINT ENERGY INC
- Redeemed all 800,000 shares of Series A Preferred Stock at $1,000/share plus accrued dividends.
- SIGECO completed remarketing of $38.2M tax-exempt bonds at 4.250% fixed rate through Sept 1, 2028.
- Bonds were subject to mandatory tender on Sept 1, 2023; new fixed-rate period runs to Sept 1, 2028.
- Redemption eliminates ongoing dividend payments on Series A Preferred; total cost ~$800M plus dividends.