CenterPoint Energy’s concurrent underwritten public offerings of $1.9 billion of shares of its common stock

Baker Botts advised CenterPoint Energy, Inc. in the transaction

CenterPoint Energy completed its concurrent underwritten public offerings (the “Concurrent Offerings”) of approximately $1.9 billion of shares of its common stock (“Common Stock”) at a price of $27.25 per share and 19,550,000 depositary shares (the “Depositary Shares”), each representing a 1/20th interest in a share of CenterPoint Energy’s 7.00% Series B Mandatory Convertible Preferred Stock, par value $0.01 per share, at a price of $50 per Depositary Share. The amounts sold included $247.5 million of shares of Common Stock and 2,550,000 Depositary Shares issued pursuant to the exercise in full of the options granted to the underwriters in each of the respective offerings to purchase additional shares of Common Stock and Depositary Shares, respectively.

Baker Botts advised with a team including Tim Taylor (Picture), Clint Rancher, Laura Katherine Mann, Jamie Yarbrough, Stephen Noh, Sunil Jamal, Hayley Hervieux (Securities), Michael Bresson and Katie McEvilly (Tax).

 

Involved fees earner: Timothy Taylor – Baker Botts; Clint Rancher – Baker Botts; Laura Katherine Mann – Baker Botts; Jamie Yarbrough – Baker Botts; Stephen Noh – Baker Botts; Sunil Jamal – Baker Botts; Hayley Hervieux – Baker Botts; Michael Bresson – Baker Botts; Katie McEvilly – Baker Botts;

Law Firms: Baker Botts;

Clients: CenterPoint Energy Inc.;

 

Author: Ambrogio Visconti