October 1, 2018
Hunton Andrews Kurth LLP advised the underwriters on concurrent SEC-registered offerings by CenterPoint Energy, Inc. (CenterPoint) of 69,633,027 shares of Common Stock, par value $0.01 per share, and 19,550,000 Depositary Shares, each representing a 1/20th Interest in a share of 7.00% Series B Mandatory Convertible Preferred Stock. The aggregate net proceeds from the concurrent offerings will be used to fund the cash consideration payable in connection with CenterPoint’s pending acquisition of Vectren Corporation.
CenterPoint is a public utility holding company headquartered in Houston, Texas. CenterPoint, through its operating subsidiaries CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Resources Corp., owns and operates electric transmission and distribution and natural gas distribution facilities and supplies natural gas to commercial and industrial customers and electric and natural gas utilities.
The Hunton Andrews Kurth team included Pete O’Brien, Adam O’Brian, Brendan P. Harney and Paloma Luz. Cary Tolley and Kimberly Nolte provided tax advice. Leslie A. Okinaka provided ERISA advice.