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CenterPoint Energy Subsidiary SIGECO Secures $260M Private Placement in First Mortgage Bonds

Low SignificanceOctober 20, 2026 at 4:51:03 PM EDT

CENTERPOINT ENERGY INC

$CNP8-KCIK: 0001130310

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Filing Summary

CenterPoint Energy subsidiary Southern Indiana Gas and Electric Company (SIGECO) entered into a Bond Purchase Agreement to issue $260M across three tranches of First Mortgage Bonds between October 2026 and February 2027.

Comprehensive Analysis

Overview

On October 20, 2026, Southern Indiana Gas and Electric Company (SIGECO), a wholly-owned subsidiary of CenterPoint Energy, Inc., entered into a Bond Purchase Agreement with institutional investors in the private placement market to issue an aggregate principal amount of $260,000,000 in First Mortgage Bonds across three distinct tranches.

Tranche Breakdown

  • Series 2026A (Tranche A): $130,000,000 principal at a fixed interest rate of 5.99%, maturing on October 15, 2031 (issued October 20, 2026). Interest payable semiannually on April 15 and October 15 starting April 15, 2027.
  • Series 2026B (Tranche A): $80,000,000 principal at a fixed interest rate of 6.15%, maturing on December 15, 2033 (closing scheduled for December 15, 2026). Interest payable semiannually on June 15 and December 15 starting June 15, 2027.
  • Series 2027A (Tranche A): $50,000,000 principal at a fixed interest rate of 6.33%, maturing on February 15, 2037 (closing scheduled for February 25, 2027). Interest payable semiannually on February 15 and August 15 starting August 15, 2027.

Security and Ranking

The bonds are issued under SIGECO's Amended and Restated Indenture of Mortgage and Deed of Trust (dated January 1, 2023) and supplemental indentures with Deutsche Bank Trust Company Americas as Trustee. The obligations are secured ratably with SIGECO's existing and future first mortgage bonds by collateral pledged under the indenture.

Use of Proceeds

Proceeds will be used for general corporate purposes, including refinancing short-term debt, refunding maturing long-term obligations, and funding ongoing utility capital expenditures.

Topics:#CenterPointEnergy#CNP#UtilityDebt#FixedIncome#Bonds

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