CenterPoint Energy prices junior subordinated notes offering
CenterPoint Energy priced an underwritten public offering of USD 700 million 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058.
Notes accrue interest from Aug. 3, 2026; coupons paid Feb. 15 and Aug. 15 starting Feb. 15, 2027.
Rate resets from Aug. 15, 2033 every five years to the Five-Year Treasury Rate plus 1.885%, subject to a 6.400% floor.
Issuer may defer interest for up to 20 consecutive semiannual periods, subject to conditions; notes rank junior to senior indebtedness.
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