News Releases

Baker Botts Represents CenterPoint Energy, Inc. in $1.7 Billion Senior Notes Offering


Deal Description: May 13, 2021 – CenterPoint Energy, Inc. (NYSE: CNP) (“CenterPoint Energy”) announced the closing of its underwritten public offering of $1.7 billion of senior notes comprised of $700 million aggregate principal amount of floating rate senior notes due 2024, $500 million aggregate principal amount of 1.45% senior notes due 2026, and $500 million aggregate principal amount of 2.65% senior notes due 2031.

BofA Securities, Mizuho Securities, MUFG, PNC Capital Markets LLC and US Bancorp served as representatives and joint bookrunners. Scotiabank served as a passive joint book-running manager. R. Seelaus & Co., LLC served as co-manager.

CenterPoint Energy intends to use the net proceeds of approximately $1.687 billion from the offering for general corporate purposes, including the repayment of (i) the remaining $700 million of borrowings under its term loan agreement which matures on June 14, 2021, (ii) all or a portion of its outstanding $500 million of 3.60% senior notes due 2021 and (iii) a portion of its outstanding commercial paper.

Baker Botts represented CenterPoint Energy in the above offering and has represented CenterPoint Energy and its predecessors for over 100 years.

Client: CenterPoint Energy, Inc.

Outside Counsel to the Underwriters: Hunton Andrews Kurth LLP

Value: $1.7 billion

Baker Botts Lawyers/Office Involved:

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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