secwatch.observer — SEC 8-K summary
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Issuer:     CENTERPOINT ENERGY INC (CNP)
CIK:        0001130310
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-248084
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CenterPoint Energy issues $500M of 6.700% junior subordinated notes due 2055
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- $500M aggregate principal of 6.700% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series C, due 2055.
- Initial interest rate 6.700% p.a. through May 15, 2030; thereafter resets every 5 years at Five-year Treasury plus 2.586%.
- Interest payable semi-annually on May 15 and Nov 15, beginning May 15, 2025; maturity May 15, 2055.
- Company may defer interest for up to 20 consecutive semi-annual periods without triggering default, with restrictions on dividends and share buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130310/000119312524248084/0001193125-24-248084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130310/000119312524248084/d879591d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-248084

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