CenterPoint Energy, Inc. - Form 8-K Filing

CenterPoint Energy, Inc. has entered into an Underwriting Agreement for the public offering of $700,000,000 aggregate principal amount of its 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058. The offering is made under the Company's registration statement on Form S-3. The notes are unsecured and subordinate to senior indebtedness. Interest will be paid semi-annually, with a fixed rate of 6.400% until August 15, 2033, after which it will reset every five years based on the Five-Year Treasury Rate plus a spread of 1.885%, with a floor of 6.400%. The Company may defer interest payments under certain conditions, during which dividends and other debt payments may be restricted. The agreement outlines representations, warranties, covenants, and conditions related to the offering, including indemnification provisions. The closing of the offering is subject to customary conditions, including the absence of material adverse changes and receipt of legal opinions.