debt
confidence high
sentiment neutral
materiality 0.60
CenterPoint Energy issues $700M junior subordinated notes at 5.950%, due 2056
CENTERPOINT ENERGY INC
- Aggregate principal amount $700M; interest rate 5.950% for first 5.5 years then resets every 5 years.
- Reset rate = Five-Year Treasury Rate + 2.223%, subject to floor of 5.950% per annum.
- Matures April 1, 2056; interest payable semi-annually starting April 1, 2026.
- Optional interest deferral of up to 20 consecutive semi-annual periods with dividend and payment restrictions.
- Notes are unsecured and rank junior to all senior indebtedness of CenterPoint.