CenterPoint Energy Offers to Buy Back $500 Million in Debt Securities

MT Newswires Live
Sep 18

CenterPoint Energy (CNP) launched cash tender offers for up to $300 million of its senior notes, including the 3.7% due 2049, 2.65% due 2031, and 2.95% due 2030.

Additionally, the company initiated tender offers for up to $200 million of the 4.25% general mortgage bonds, Series AC, due 2049, and 4.5% general mortgage bonds, Series X, due 2044, issued by its CenterPoint Energy Houston Electric subsidiary.

The early tender deadline is Oct. 1, with the offers set to expire on Oct. 17, the company said Thursday in a statement.

The purpose of the tender offers is to reduce outstanding debt at both CenterPoint Energy and its Houston Electric unit, according to the statement.

Price: 38.16, Change: +0.11, Percent Change: +0.28

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