Hunton Andrews Kurth Advises on CenterPoint Energy, Inc.’s $1.2 Billion Offering of Senior Notes to Finance Acquisition of Vectren Corporation
Hunton Andrews Kurth LLP advised the underwriters on a SEC-registered offering by CenterPoint Energy, Inc. (CenterPoint) of (i) $500 million in aggregate principal amount of its 2.50% Senior Notes due 2024; (ii) $400 million in aggregate principal amount of its 2.95% Senior Notes due 2030; and (iii) $300 million in aggregate principal amount of its 3.70% Senior Notes due 2049. A portion of aggregate net proceeds from the offering of Senior Notes will be used refinance commercial paper previously used by CenterPoint to fund a portion of its merger with the Vectren Corporation.
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 Hunton Andrews Kurth team included Pete O’Brien, Adam O’Brian, Patrick Jamieson and Shelby Stanton. Robert McNamara provided tax advice.
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