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Prospect News home > News index > List of issuers C > Headlines for CenterPoint Energy, Inc. > News item
Published on 2/3/2020 in the Prospect News Bank Loan Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

CenterPoint to repay portion of debt with proceeds from business sale

By Sarah Lizee

Olympia, Wash., Feb. 3 – CenterPoint Energy, Inc. plans to repay a portion of its outstanding debt using proceeds from the sale of subsidiary Vectren Utility Services, Inc.’s infrastructure services reportable segment to PowerTeam Services, LLC for $850 million in cash, according to an 8-K filing with the Securities and Exchange Commission.

The transaction is expected to close in the second quarter.

CenterPoint is a Houston-based public utility holding company.


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