CenterPoint Energy refinances credit facilities totaling $2.5Bn

Mar 04, 2016, 06:45 ET from CenterPoint Energy, Inc.

HOUSTON, March 4, 2016 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced today that it has refinanced its existing $2.1 billion revolving bank credit facilities, which would have expired in 2019, with new revolving bank credit facilities totaling an aggregate $2.5 billion for the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC).

The credit agreements evidencing the new revolving bank credit facilities provide for five-year senior unsecured revolving credit facilities in an aggregate amount of $1.6 billion for the parent, $300 million for CEHE and $600 million for CERC.  These revolving credit facilities may be drawn on by the companies from time to time to provide funds used for general corporate purposes and to backstop the companies' commercial paper programs. The facilities may also be utilized to obtain letters of credit.

The new credit agreements were coordinated by J.P. Morgan Securities LLC, Mizuho Bank, Ltd., Wells Fargo Securities, LLC, which, together with Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd. and The Royal Bank of Canada, also served as joint lead arrangers for the facilities. Serving as administrative agents are J.P. Morgan Chase Bank, N.A. for the parent facility, Mizuho Bank, Ltd. for the CEHE facility, and Wells Fargo Bank, National Association for the CERC facility.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With approximately 7,500 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. The statements in this news release regarding future events and other statements that are not historical facts are forward-looking statements. Each forward-looking statement contained in this news release speaks only as of the date of the release.

For more information contact Media: Leticia Lowe Phone 713.207.7702 Investors: David Mordy Phone 713.207.6500

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SOURCE CenterPoint Energy, Inc.



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