CenterPoint Energy sells $650 million of 2.875% convertible notes due 2029
CenterPoint Energy completed the sale of $650 million of 2.875% Convertible Senior Notes due 2029, including the full $50 million option, with net proceeds of about $641.5 million after discounts and expenses. The notes are senior unsecured debt that can convert into cash, common stock, or both, and the initial conversion price of about $53.61 per share is a 25.0% premium over the February 23, 2026 closing price, so the deal adds debt while creating potential future share dilution of up to 15,155,010 shares.
Key points
- Aggregate principal of $650 million, including an additional $50 million from the initial purchasers' option, sold in a private offering under Rule 144A.
- Notes bear 2.875% interest, payable May 15 and November 15 starting November 15, 2026, and mature May 15, 2029.
- Initial conversion price of about $53.61 per share; a maximum of 15,155,010 shares may be issued on conversion.
- Indenture is dated February 26, 2026, with The Bank of New York Mellon Trust Company, National Association, as trustee.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.