CenterPoint Energy, Inc. announced the commencement of a registered underwritten offering of $800,000,000 of shares of its common stock. The offering includes a forward component, where shares are expected to be borrowed by forward counterparties from third parties and sold to underwriters.
CenterPoint expects to enter into separate forward sale agreements with Bank of America, N.A., Mizuho Markets Americas LLC, and JPMorgan Chase Bank, National Association. The underwriters have also been granted a 30-day option to purchase up to an additional $120,000,000 of shares.
Settlement of the forward sale agreements is expected to occur on or prior to February 25, 2027. If CenterPoint elects physical settlement, it expects to use the net proceeds for general corporate purposes, which may include repayment of commercial paper or other debt.
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