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CenterPoint Energy, Inc. (NYSE:CNP) today announced that it intends to sell $250 million of shares of its common stock, par value $0.01 per share, in an underwritten public offering, subject to market and other conditions.
CenterPoint Energy intends to use the net proceeds from the offering for general corporate purposes, including repayment of a portion of our outstanding commercial paper. Proceeds from our commercial paper were used for general corporate purposes, including working capital purposes.
Barclays Capital Inc. and Citigroup are acting as joint book-running managers and underwriters for the offering.
Posted In: CNP
