CenterPoint Energy’s $1.7 Billion Senior Notes Offering

Hunton Andrews Kurth advised the underwriters on the deal.

CenterPoint Energy, Inc. (CenterPoint) announced its  offering of $700 million aggregate principal amount of Floating Rate Senior Notes due 2024, (ii) $500 million aggregate principal amount of 1.45% Senior Notes due 2026 and (iii) $500 million aggregate principal amount of 2.65% Senior Notes due 2031. The transaction closed on May 13, 2021. 

CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries, 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 underwriters are BofA Securities, Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc.,   PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., Scotia Capital (USA) Inc. and R. Seelaus & Co., LLC. 

The Hunton Andrews Kurth team included Pete O’Brien (Picture), Adam O’Brian, Brendan Harney, S. Ashley Jaber and Matthew Hayes. Robert McNamara and Tim Strother provided tax advice.

Involved fees earner: Brendan Harney – Hunton Andrews Kurth LLP; Matthew Hayes – Hunton Andrews Kurth LLP; Ashley Jaber – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Adam O’Brian – Hunton Andrews Kurth LLP; Peter O’Brien – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: Bank of America Securities; Mizuho Securities; MUFG Securities Americas Inc. ; PNC Capital Markets LLC; R. Seelaus & Co.; Scotia Capital Inc.; U.S. Bancorp Investments;

Author: Martina Bellini