Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:34 PM
This Slide: #174 of 609 |
Slide #174. CenterPoint Energy, Inc. — Preferred Stock Offering
Company:
CenterPoint Energy, Inc. (NYSE:CNP)
Date announced:
8/15/2018
Shares Offered:
800,000
Date of Pricing:
8/15/2018
Price Per Share:
$1,000.00
Preferred Stock Offering Details:
CenterPoint Energy, Inc. (NYSE: CNP) today announced the pricing of an underwritten public offering of 800,000 shares of its Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (Series A Perpetual Preferred Stock), at a price to the public of $1,000 per share. Dividends on the Series A Perpetual Preferred Stock will accrue at an annual rate of 6.125% until September 1, 2023. Subject to customary closing conditions, the offering is expected to close on or about August 22, 2018.
CenterPoint Energy is a public utility holding company. Co.'s operating subsidiaries own and operate electric transmission, distribution and generation and natural gas distribution facilities, and provide energy performance contracting and sustainable infrastructure services. Co.'s reportable segments are: Electric, which includes Co.'s subsidiary, CenterPoint Energy Houston Electric, LLC, a transmission and distribution electric utility that operates wholly within the state of Texas; and Natural Gas, which engages in regulated intrastate natural gas sales and natural gas transportation and storage for residential, commercial, industrial and transportation customers.
Preferred: CNP.PRB

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