CENTERPOINT ENERGY INC (CNP): debt financing — CenterPoint Energy issues $1B of 3.00% Convertible Senior Notes due 2028

CENTERPOINT ENERGY INC

$1B aggregate principal (including $100M initial purchasers' option) at 3.00% interest, matures Aug 1, 2028.
Net proceeds ~$986.8M after discounts and expenses.
Initial conversion rate 21.4477 shares/$1,000 principal; effective price ~$46.63/share, 25% premium to July 28 close.
Notes are senior unsecured, rank equally with existing 4.25% Convertible Senior Notes due 2026.
Interest payable semiannually Feb 1 and Aug 1, beginning Feb 1, 2026.

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 INC incurred convertible notes of $1,000,000,000 with Initial Purchasers at 3.00% maturing August 1, 2028.

Instrument: convertible notes
Principal: $1,000,000,000
Counterparty: Initial Purchasers
Rate: 3.00%
Maturity: August 1, 2028
Event: incurrence

Exact text from the filing

completed the sale of $1,000,000,000 aggregate principal amount of 3.00% Convertible Senior Notes due 2028

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CENTERPOINT ENERGY INC filing history →

Source: SEC EDGAR

accession 0001193125-25-170585

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