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CenterPoint Energy, Inc. Announces Offering of $550 Million of Convertible Senior Notes Due 2029
CenterPoint Energy, Inc. (NYSE: CNP) announced its intention to offer $550 million aggregate principal amount of Convertible Senior Notes due 2029 in a private placement. The company also plans to grant initial purchasers an option for an additional $50 million of notes. Proceeds from the offering will be used for general corporate purposes, including the repayment of outstanding commercial paper and other debt.