CenterPoint Energy enters forward sale agreements for ~21.6M shares at $36.26; underwritten offering of borrowed shares

CENTERPOINT ENERGY INC

Forward sale agreements with Bank of America, Mizuho, JPMorgan for 21,621,622 shares of common stock at initial forward price $36.26.
Underwriters also granted a 30-day option to purchase up to 3,243,243 additional shares on same terms.
Settlement at CenterPoint's discretion (physical, net share, or cash) by February 25, 2027; physical settlement results in dilution.
Forward purchasers borrowed shares from third parties and sold to underwriters; expected closing May 29, 2025.
Forward price adjusts daily based on Overnight Bank Funding Rate minus 0.75% spread, with scheduled reductions.

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