UNITED STATES
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FORM
CURRENT REPORT
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Item 8.01 | Other Events. |
Redemption of 3.85% Senior Notes due 2024 and Partial Redemption of 4.25% Senior Notes due 2028
On March 11, 2022, CenterPoint Energy, Inc. (the “Company”) provided (i) a notice of redemption relating to all of the Company’s outstanding 3.85% Senior Notes due 2024 (the “2024 Notes”) with an aggregate principal amount of $250,000,000 and (ii) a notice of partial redemption relating to $350,000,000 aggregate principal amount of the Company’s outstanding $500,000,000 aggregate principal amount of 4.25% Senior Notes due 2028 (the “2028 Notes” and together with the 2024 Notes, the “Notes”). The Notes to be redeemed are called for redemption on March 30, 2022 at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if such Notes matured on January 1, 2024, in the case of the 2024 Notes, or August 1, 2028, in the case of the 2028 Notes, but for the redemption (not including any portion of such payments of interest accrued to the redemption date) discounted to the redemption date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable treasury rate plus 15 basis points, in the case of the 2024 Notes, and 20 basis points, in the case of the 2028 Notes, plus, in each case, accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.
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: March 11, 2022 | By: | /s/ Stacey L. Peterson | ||||
Stacey L. Peterson | ||||||
Senior Vice President and | ||||||
Chief Accounting Officer |