CenterPoint Energy prices $700 million of 6.400% junior subordinated notes due 2058
CenterPoint Energy entered into an underwriting agreement on July 30, 2026 for a public offering of $700 million aggregate principal amount of 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, Series E, due 2058. The notes are unsecured, rank junior to existing and future senior indebtedness, and allow the company to defer interest for up to 20 consecutive semi-annual periods, during which dividends and common stock repurchases are restricted.
Key points
- Offering size: $700 million aggregate principal amount of Series E notes due August 15, 2058
- Interest is 6.400% per annum until August 15, 2033, then resets every five years to the Five-Year Treasury Rate plus 1.885%, with a floor of 6.400%
- Company may defer interest for up to 20 consecutive semi-annual periods; dividends and capital stock repurchases are restricted during deferral
- Notes are issued under a junior subordinated indenture dated August 14, 2024 with The Bank of New York Mellon Trust Company as trustee; interest accrues from August 3, 2026
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing 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 July 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.