CenterPoint Energy Resources Corp. Announces Early Results and Upsizing of Tender Offers
CenterPoint Energy Resources Corp., an indirect wholly owned subsidiary of CenterPoint Energy (NYSE: CNP), announced early results of its cash tender offers for four series of senior notes and upsized the aggregate purchase cap from $350 million to $400 million. Participation was heavy: roughly 75% of the 2034 Notes, 55% of the 2032 Notes, and 50% of the 2028 Notes outstanding were tendered by the September 21 early deadline, and the $100 million sublimit on the 2034 Notes was eliminated.
Key figures
- Expiration date
- 2026-10-06
- Notes 2028 tendered
- 149968000
- Notes 2032 tendered
- 274493000
- Notes 2034 tendered
- 300469000
- Notes 2047 tendered
- 9071000
- Early tender payment
- $30 per $1,000 principal amount
- Early settlement date
- 2026-09-24
- Aggregate maximum amount new
- 400000000
- Aggregate maximum amount original
- 350000000
AI analysis
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