Business Context and Reporting Period
Company: CenterPoint Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 1, 2007
Event: Entry into a Material Definitive Agreement regarding a public debt offering.
Key Financial Metrics
This filing reports a specific capital raising transaction rather than periodic operating results. Key metrics related to the transaction include:
- Debt Issuance: $250,000,000 aggregate principal amount.
- Instrument: 5.95% Senior Notes due 2017.
- Operating Metrics: The filing text does not provide a clear value for revenue, profit, cash flow, margins, or liquidity positions.
Material Changes
The material change reported is the execution of an Underwriting Agreement on February 1, 2007, to issue the Senior Notes. This increases the company's outstanding debt obligations by $250 million under the existing Indenture dated May 19, 2003, as amended by Supplemental Indenture No. 7.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the offering is made pursuant to a registration statement on Form S-3 (Registration No. 333-116246).
Risks and Contingencies: The filing does not explicitly detail new risks or contingencies beyond the standard obligations associated with the issuance of senior notes. Specific terms are referenced in the prospectus supplement dated February 1, 2007, and the related prospectus dated December 16, 2004.
Investor Verification Checklist
- Verify the final closing date and net proceeds received from the $250 million offering.
- Review the Prospectus Supplement dated February 1, 2007, for specific use of proceeds.
- Confirm the impact of the new 5.95% interest rate on the company's overall cost of debt.
- Check subsequent filings for any changes to the underwriting agreement or note terms.