Hunton Andrews Kurth Advises on CenterPoint Energy, Inc.’s Offering of 800,000 Shares of Preferred Stock to Finance a Portion of the Proposed Acquisition of Vectren Corporation
Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by CenterPoint Energy, Inc. (CenterPoint) of 800,000 shares of Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock. The aggregate net proceeds from the offering will be used to fund a portion of 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. Leslie A. Okinaka provided ERISA advice.
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