0001193125-22-169332.txt : 20220607 0001193125-22-169332.hdr.sgml : 20220607 20220607164402 ACCESSION NUMBER: 0001193125-22-169332 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220607 DATE AS OF CHANGE: 20220607 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY RESOURCES CORP CENTRAL INDEX KEY: 0001042773 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 760511406 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-238617-02 FILM NUMBER: 221001664 BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-207-3000 MAIL ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY RESOURCES CORP DATE OF NAME CHANGE: 19990317 FORMER COMPANY: FORMER CONFORMED NAME: NORAM ENERGY CORP/ DATE OF NAME CHANGE: 19970808 FORMER COMPANY: FORMER CONFORMED NAME: HI MERGER INC DATE OF NAME CHANGE: 19970721 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CENTERPOINT ENERGY RESOURCES CORP CENTRAL INDEX KEY: 0001042773 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 760511406 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-207-3000 MAIL ADDRESS: STREET 1: 1111 LOUISIANA ST CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: RELIANT ENERGY RESOURCES CORP DATE OF NAME CHANGE: 19990317 FORMER COMPANY: FORMER CONFORMED NAME: NORAM ENERGY CORP/ DATE OF NAME CHANGE: 19970808 FORMER COMPANY: FORMER CONFORMED NAME: HI MERGER INC DATE OF NAME CHANGE: 19970721 FWP 1 d367818dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement (No. 333-238617-02)

June 7, 2022

PRICING TERM SHEET

(to Preliminary Prospectus Supplement dated June 7, 2022)

 

Issuer:    CenterPoint Energy Resources Corp.
Legal Format:    SEC Registered
Anticipated Ratings*:    A3 (stable) / BBB+ (stable) / A- (stable) (Moody’s / S&P / Fitch)
Security:    4.40% Senior Notes due 2032
Size:    $500,000,000
Maturity Date:    July 1, 2032
Interest Payment Dates:    Semi-annually in arrears on January 1 and July 1, commencing January 1, 2023
Coupon Rate:    4.40%
Price to Public:    99.908%
Benchmark Treasury:    2.875% due May 15, 2032
Benchmark Treasury Yield:    2.961%
Spread to Benchmark Treasury:    +145 basis points
Re-offer Yield:    4.411%
Optional Redemption:    Prior to April 1, 2032, greater of (1)(a) make-whole at a discount rate of the treasury rate plus 25 basis points (calculated to April 1, 2032), less (b) interest accrued to the date of redemption and (2) 100%, plus in either case, accrued and unpaid interest. On or after April 1, 2032, 100% plus accrued and unpaid interest.
Trade Date:    June 7, 2022
Expected Settlement Date:    June 9, 2022 (T+2)
CUSIP:    15189W AP5
Joint Book-Running Managers:   

BofA Securities, Inc.

Goldman Sachs & Co. LLC

PNC Capital Markets LLC

U.S. Bancorp Investments, Inc.

Comerica Securities, Inc.

Co-Managers:   

Bancroft Capital, LLC

Siebert Williams Shank & Co., LLC

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BofA Securities, Inc. toll-free at 1-800-294-1322, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, PNC Capital Markets LLC toll-free at 1-855-881-0697 and U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607.