Hunton Advises On CenterPoint Energy, Inc.’s $1B Offering of 3.00% Convertible Senior Notes

Time 2 Minute Read
July 31, 2025
News

Hunton Andrews Kurth LLP advised the initial purchasers in connection with CenterPoint Energy, Inc.’s (“CenterPoint”) offering of $1 billion aggregate principal amount of equity-linked 3.00% Convertible Senior Notes due 2028 (“Notes”), in a private placement under Rule 144A of the Securities Act of 1933, as amended, which included an additional $100 million in aggregate principal amount of Notes purchased pursuant to the exercise in full of the option granted to the initial purchasers pursuant to the purchase agreement for this offering. The Notes may be converted into shares of CenterPoint’s common stock at an initial conversion rate tied to the price of CenterPoint’s common stock and as further described in the offering memorandum for this offering. The transaction closed on July 31, 2025.

CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries, owns and operates electric transmission, distribution and generation facilities and natural gas distribution facilities and provides energy services and other related activities.

The Hunton team included Peter K. O’BrienBrendan P. Harney, Reuben H. Pearlman, Monika M. Dziewa and Catherine BulgerRobert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.

Related Insights

Jump to Page