CenterPoint Energy exchanges Vectren private placement notes

Chicago, June 7 – CenterPoint Energy Resources Corp. announced that it entered into agreements to exchange certain of the outstanding guaranteed senior notes originally issued by Vectren Utility Holdings, Inc., an indirect subsidiary of CenterPoint Energy, Inc.

The exchange helps to prepare CenterPoint for an internal restructuring, expected to be completed at the end of the June.

CenterPoint Energy Resources issued the following new notes via the exchange agreements:

• $57 million 3.72% senior notes due 2023;

• $60 million 5.02% series B senior notes due 2026 and $35 million of 5.99% series C notes due 2042 (in the same transaction);

• $100 million 5% senior notes due 2042;

• $10 million 4.25% series B senior notes due 2043; and

• $40 million 4.36% series B senior notes due 2045.

Each transaction was completed on May 27.

If CenterPoint repays the notes early there would be a make-whole premium. If there is a partial repayment, 5% of the principal amount of notes must be outstanding.

For a change of control, CenterPoint would need to offer to buy the notes at par.

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