Hunton Andrews Kurth advises on CenterPoint Energy, Inc.’s $1.5 Billion Offering of Senior Notes to Finance Proposed 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 3.60% Senior Notes due 2021; (ii) $500 million in aggregate principal amount of its 3.85% Senior Notes due 2024; and (iii) $500 million in aggregate principal amount of its 4.25% Senior Notes due 2028. The aggregate net proceeds from the offering of Senior Notes will be used to fund the cash consideration payable in connection with CenterPoint’s pending acquisition of Vectren Corporation.
CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp., 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 and Brendan P. Harney. Cary Tolley and Kimberly Nolte provided tax advice.
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