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Convertibles Calendar: CenterPoint Energy on tap
Sept. 25:
CENTERPOINT ENERGY INC.:
• $750 million, or 15 million $50-par depositary shares representing a 1/20th interest in three-year series B mandatory convertible preferred stock
• Price talk for a dividend of 6.75% to 7.25% and an initial conversion premium of 17.5% to 22.5%
• Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC
• Registered
• Greenshoe of $112.5 million
• Concurrent offering of $1.5 billion in common stock
• Proceeds to fund the acquisition of Vectren Corp.
• Houston-based energy delivery company
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