CenterPoint Energy, Inc.’s $2.9 Billion Concurrent Offerings of Equity and Mandatory Convertible Preferred Stock to Finance Proposed Acquisition of Vectren Corporation

Hunton Andrews Kurth LLP advised the underwriters on concurrent SEC-registered offerings by CenterPoint Energy, Inc. (CenterPoint) of 69,633,027 shares of Common Stock, par value $0.01 per share, and 19,550,000 Depositary Shares, each representing a 1/20th Interest in a share of 7.00% Series B Mandatory Convertible Preferred Stock.

The aggregate net proceeds from the concurrent offerings will be used to fund the cash consideration payable in connection with CenterPoint’s pending acquisition of Vectren Corporation.

Morgan Stanley, Goldman Sachs & Co. LLC, Citigroup, Wells Fargo Securities, Barclays, Credit Suisse, Deutsche Bank Securities and J.P. Morgan acted as Joint Book-Running Managers on the offering.

CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp., owns and operates electric transmission and distribution and natural gas distribution facilities and supplies natural gas to commercial and industrial customers and electric and natural gas utilities.

The Hunton Andrews Kurth team included Pete O’Brien (Picture), Adam O’Brian, Brendan P. Harney and Paloma Luz. Cary Tolley and Kimberly Nolte provided tax advice. Leslie A. Okinaka provided ERISA advice.


Involved fees earner: Peter O’Brien – Hunton Andrew Kurth; Adam O’Brian – Hunton Andrew Kurth; Brendan Harney – Hunton Andrew Kurth; Cary Tolley – Hunton Andrew Kurth; Leslie Okinaka – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Barclays Bank; Citigroup Inc.; Credit Suisse; Deutsche Bank Securities; Goldman, Sachs & Co.; JP Morgan; Morgan Stanley; Wells Fargo Securities;


Author: Ambrogio Visconti