UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01. | Entry into a Material Definitive Agreement. |
On April 26, 2021, CenterPoint Energy, Inc. (the “Company”), Mizuho Bank, Ltd., as administrative agent, and the banks party thereto entered into a First Amendment to Term Loan Agreement (the “First Amendment”), amending the Company’s Term Loan Agreement dated as of May 15, 2019 (the “Term Loan Agreement”). The First Amendment extended the maturity date of the Term Loan Agreement from May 15, 2021 to June 14, 2021.
Affiliates of the banks party to the Term Loan Agreement have performed depository and other banking, investment banking, trust, investment management and advisory services for the Company and its affiliates (including participating in the credit facilities of the Company and its affiliates) from time to time for which they have received customary fees and expenses and may, from time to time, engage in transactions with and perform services for the Company and its affiliates in the ordinary course of their business.
The First Amendment described above is filed as Exhibit 4.1 to this report and is incorporated by reference herein. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the First Amendment.
Item 9.01. | Financial Statements and Exhibits. |
The exhibits listed below are filed herewith. The First Amendment contains representations, warranties and other provisions that were made, among other things, to provide the parties thereto with specified rights and obligations and to allocate risk among them, and should not be relied upon as constituting or providing any factual disclosures about the Company, any other persons, any state of affairs or other matters.
(d) | Exhibits. |
EXHIBIT NUMBER |
EXHIBIT DESCRIPTION | |
4.1 | First Amendment to Term Loan Agreement dated as of April 26, 2021, by and among CenterPoint Energy, Inc., the banks party thereto and Mizuho Bank, Ltd., as administrative agent | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CENTERPOINT ENERGY, INC. | ||||||
Date: April 26, 2021 | By: | /s/ Kristie L. Colvin | ||||
Kristie L. Colvin | ||||||
Senior Vice President and Chief Accounting Officer |
Exhibit 4.1
FIRST AMENDMENT TO TERM LOAN AGREEMENT
THIS FIRST AMENDMENT TO TERM LOAN AGREEMENT (this Agreement) dated as of April 26, 2021 is entered into by and among CENTERPOINT ENERGY, INC., a Texas corporation (the Borrower), the Banks party hereto and MIZUHO BANK, LTD., as administrative agent (in such capacity, the Administrative Agent). All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Term Loan Agreement (as defined below).
RECITALS
WHEREAS, the Borrower, the Banks and the Administrative Agent have entered into that certain Term Loan Agreement dated as of May 15, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the Term Loan Agreement);
WHEREAS, the Borrower has requested that the Banks amend the maturity date set forth in the Term Loan Agreement so as to extend the same; and
WHEREAS, the Banks have agreed to so amend the Term Loan Agreement as set forth herein, subject to the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
1. Amendment to the Term Loan Agreement. Section 1.1 of the Term Loan Agreement is hereby amended by amending and restating in its entirety the following definition thereto to read as follows:
Maturity Date means June 14, 2021.
2. Conditions Precedent. This Agreement shall be effective on the first date (the First Amendment Effective Date) when all of the following conditions precedent shall have been satisfied (or waived in accordance with Section 10.1 of the Term Loan Agreement):
(a) receipt by the Administrative Agent of counterparts of this Agreement duly executed by the Borrower, each of the Banks and the Administrative Agent;
(b) receipt by the Administrative Agent of (i) a certificate of the Borrower, dated the First Amendment Effective Date and executed by a secretary, assistant secretary or other officer thereof, which shall (x) certify that attached thereto is a true and complete copy of the resolutions or written consent, as applicable, of its board of directors or other applicable authorizing body authorizing the execution, delivery and performance by the Borrower of this Agreement, which resolutions or consent have not been modified, rescinded or amended (other than as attached thereto) and are in full force and effect and (y) identify by name and title and bear the signatures of the responsible officers of the Borrower authorized on the First Amendment Effective Date to sign the Amendment and (ii) a certificate as of a recent date from the Secretary of State of the State of Texas as to the existence of the Borrower and a statement as of a recent date of Franchise Tax Account Status obtained through the website of the Office of the Comptroller of Public Accounts of Texas indicating that the right of the Borrower to transact business in Texas is active; and
(c) receipt by the Administrative Agent of reimbursement for all reasonable out-of-pocket costs and expenses incurred by the Administrative Agent in connection with the preparation,
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execution and delivery of this Agreement, including the reasonable fees and disbursements of Gibson, Dunn & Crutcher LLP (it being understood and agreed that the Borrower may pay such amounts by wire transfer directly to Gibson, Dunn & Crutcher LLP).
3. Miscellaneous.
(a) The Term Loan Agreement and the obligations of the Borrower thereunder and under the other Loan Documents, subject to the amendments and agreements set forth in this Agreement, are hereby ratified and confirmed and shall remain in full force and effect according to their terms.
(b) The Borrower hereby represents and warrants as follows:
(i) The execution and delivery by the Borrower of this Agreement and the performance by the Borrower of its obligations hereunder have been duly authorized by all requisite corporate action on the part of the Borrower.
(ii) This Agreement has been duly executed and delivered by the Borrower and constitutes the Borrowers legal, valid and binding obligations, enforceable in accordance with its terms, except as such enforceability may be (i) limited by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the enforcement of creditors rights generally and (ii) subject to the effect of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).
(iii) No authorization or approval or action by, and no notice to or filing with, any Governmental Authority is required for the due execution, delivery and performance by the Borrower of, or for the Borrowings under, this Agreement, except (i) those that have been obtained or made and (ii) such matters relating to performance as would ordinarily be done in the ordinary course of business after the First Amendment Effective Date.
(iv) On the First Amendment Effective Date, the representations and warranties in Article VI of the Term Loan Agreement are true and correct in all material respects as of such date (except to the extent any such representation or warranty is qualified by materiality in the text thereof, in which case such representation or warranty is true and correct in all respects), except for those representations or warranties or parts thereof that, by their terms, relate solely to an earlier date, in which case such representation or warranty shall be true and correct in all material respects on and as of such earlier date.
(v) Immediately before and after giving effect to this Agreement, on the First Amendment Effective Date, no Default or Event of Default has occurred and is continuing.
(c) On and after the First Amendment Effective Date, references in the Term Loan Agreement or in any other Loan Document to the Term Loan Agreement shall be deemed to be references to the Term Loan Agreement as amended hereby and as further amended, restated, modified or supplemented from time to time. This Agreement shall constitute a Loan Document.
(d) This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page to this Agreement by facsimile transmission or in other electronic (e.g., pdf or tif) format shall be as effective as delivery of a manually signed counterpart of this Agreement. A set of the copies of this Agreement signed by all the parties shall be maintained with Borrower and the Administrative Agent.
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(e) Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
(e) THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
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IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to be duly executed and delivered as of the date first above written.
CENTERPOINT ENERGY, INC. | ||||
By: | /s/ Stacey L. Peterson | |||
Name: | Stacey L. Peterson | |||
Title: | Senior Vice President, Financial Planning and Treasurer |
MIZUHO BANK, LTD., as Administrative Agent and as a Bank | ||||
By: | /s/ Edward Sacks | |||
Name: | Edward Sacks | |||
Title: | Executive Director |
BANK OF AMERICA, N.A., as a Bank | ||||
By: | /s/ Dee Dee Farkas | |||
Name: | Dee Dee Farkas | |||
Title: | Managing Director |
MUFG BANK, LTD., as a Bank | ||||
By: | /s/ Ricky Vargas | |||
Name: | Ricky Vargas | |||
Title: | Vice President |
PNC BANK, NATIONAL ASSOCIATION, as a Bank | ||||
By: | /s/ Christopher Olsen | |||
Name: | Christopher Olsen | |||
Title: | Vice President |
U.S. BANK NATIONAL ASSOCIATION, as a Bank | ||||
By: | /s/ James OShaughnessy | |||
Name: | James OShaughnessy | |||
Title: | Vice President |