Houston – Feb. 28, 2018 – CenterPoint Energy Houston Electric, LLC (Houston Electric), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today closed on 3.95% general mortgage bonds totaling $400 million due March 1, 2048.
Mizuho Securities, RBC Capital Markets, Wells Fargo Securities, Regions Securities LLC, TD Securities and US Bancorp served as joint bookrunners with Comerica Securities and PNC Capital Markets LLC as senior co-managers. Blaylock Van LLC and Loop Capital Markets served as co-managers.
“We are proud to work with such a distinguished and diverse group of banks to finance our capital investment needs to support safety, customer growth, reliability projects and infrastructure programs,” said Tracy Bridge, executive vice president and president of CenterPoint Energy's Electric Division.
This news release does not constitute an offer to sell, or the solicitation of any offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
This news release includes forward-looking statements. Actual events and results may differ materially from those projected. The statements in this news release regarding the use of proceeds from the offering and other statements that are not historical facts are forward-looking statements. Factors that could affect actual results include the timing and impact of future regulatory and legislative decisions, effects of competition, weather variations, changes in business plans, financial market conditions and other factors discussed in Houston Electric's Form 10-K for the fiscal year ended December 31, 2017 and Houston Electric's other filings with the Securities and Exchange Commission. A written prospectus may be obtained by visiting EDGAR on the SEC Website at https://www.sec.gov/.
CenterPoint Energy, headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns 54.1 percent of the common units representing limited partner interests in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,700 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years.