CenterPoint Energy plans 1-to-1 Vectren exchange offer later in year

Chicago, June 7 – CenterPoint Energy Resources Corp. said that it plans to conduct an exchange offer later in the year for Vectren Utility Holdings, Inc.’s 6.1% senior guaranteed notes due Dec. 1, 2035, according to a 424B5 filing with the Securities and Exchange Commission.

The company is aiming for a timeline for the exchange either in the second half of 2022 or the first half of 2023.

The notes offered in exchange would list CenterPoint Energy Resources as issuer and would have the same interest payment, maturity dates and interest rates.

CenterPoint Energy Resources is acquiring all of Indiana Gas Co., Inc. and Vectren Energy Delivery of Ohio, LLC. Southern Indiana Gas and Electric Co. is remaining a wholly owned subsidiary of Vectren Utility Holdings, Inc.

CenterPoint Energy, based in Houston, owns and operates natural gas distribution facilities in four states. After the restructuring, the company will be operating in two additional states. Vectren Utility Holdings, Inc. is an indirect subsidiary of CenterPoint Energy, Inc.

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