Reported Earlier, CenterPoint Energy Boosts Convertible Senior Notes Offering To $600M At 2.875% Interest, $53.61 Per Share Conversion Price
Benzinga Newsdesk 8 months ago
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CenterPoint expects that the net proceeds from the offering of the convertible notes will be approximately $592.1 million (or approximately $641.5 million if the initial purchasers exercise their option to purchase
CenterPoint expects that the net proceeds from the offering of the convertible notes will be approximately $592.1 million (or approximately $641.5 million if the initial purchasers exercise their option to purchase additional convertible notes in full), after deducting the initial purchasers' discounts and commissions and offering expenses payable by CenterPoint. CenterPoint intends to use the net proceeds from this offering for general corporate purposes, including the repayment of a portion of its outstanding commercial paper and other debt.