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Published on 9/24/2018 in the Prospect News Convertibles Daily.

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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