CenterPoint Energy Houston to price general mortgage bonds

By Mary-Katherine Stinson

Lexington, Ky., Feb. 26 – CenterPoint Energy Houston Electric, LLC is preparing an offering of general mortgage bonds, according to a 424B2 filing with the Securities and Exchange Commission.

The series AN bonds will have a make-whole call that will eventually convert to an optional par call.

Barclays, BMO Capital Markets Corp., Citigroup Global Markets Inc. and TD Securities (USA) LLC are the joint bookrunning managers. Comerica Securities, Inc. is also a joint bookrunner.

Great Pacific Securities and MFR Securities, Inc. are acting as co-managers.

Bank of New York Mellon Trust Co., NA is the trustee.

CenterPoint is using in-house counsel and Baker Botts LLP for legal matters. The underwriters are relying on Hunton Andrews Kurth LLP.

Proceeds will be used for general limited liability company purposes, including capital expenditures and working capital.

CenterPoint Energy is a Houston-based electricity transmitter and distributor.

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