CenterPoint Energy (CNP) said Friday it has launched two cash tender offers totaling up to $1 billion to buy back outstanding senior notes.
The company said it plans to repurchase up to $600 million of its senior notes and up to $400 million of notes issued by its CenterPoint Energy Resources unit.
The notes offered by CenterPoint Energy include six series of senior notes due between 2026 and 2049, with coupon rates between 2.65% and 5.40%, it added.
The notes offered by the CERC unit involve five series due between 2028 and 2047, with a special limit of $150 million for the 2047 notes, according to the company.
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