CenterPoint Energy Replaces Revolving Credit Facilities, $4.6B Total

What Happened
CenterPoint Energy, Inc. filed an 8‑K disclosing that on September 9, 2026 it and three wholly owned subsidiaries replaced their existing revolving credit facilities with four new five‑year senior unsecured revolvers totaling $4.6 billion in aggregate commitments. The new facilities create direct financial obligations for CenterPoint and its subsidiaries and the company said there were no termination penalties for the prior facilities. The filing also notes expected changes to commercial paper program sizes for the company and certain subsidiaries.

Key Details

• Four new revolvers (all dated Sept. 9, 2026), aggregate commitments = $4.6 billion:
  • CenterPoint Energy, Inc.: $2.2B facility (includes $100M swingline; $100M LC subfacility; $60M LC issued at signing). Current margin options: Term SOFR + 150 bps or Alternate Base Rate + 50 bps. Company may extend maturity up to 2 one‑year extensions and request increases up to $2.5B.
  • CenterPoint Energy Houston Electric, LLC: $1.0B facility (includes $80M swingline; $100M LC subfacility; $75M LC issued). Margins: Term SOFR + 125 bps or ABR + 25 bps. Can request increases up to $1.5B.
  • CenterPoint Energy Resources Corp. (CERC): $1.1B facility (includes $75M swingline; $100M LC subfacility; $75M LC issued). Margins: Term SOFR + 112.5 bps or ABR + 12.5 bps. Can request increases up to $1.6B.
  • Southern Indiana Gas & Electric Co. (SIGECO): $300M facility (includes $25M swingline; $40M LC subfacility; $30M LC issued). Margins: Term SOFR + 112.5 bps or ABR + 12.5 bps. Can request increases up to $400M.
• Financial covenants: CenterPoint and Houston Electric capped at 67.5% debt-to-consolidated-capitalization (temporary relief to 70% available if certain natural-disaster restoration costs exceed $100M and securitization is pursued). CERC and SIGECO capped at 65%.
• Commercial paper program changes (subject to documentation): CenterPoint’s program expected to shrink to $2.2B (down $200M); CERC’s to increase to $1.1B (+$50M); Houston Electric expects to start a $1.0B commercial paper program.
• Lenders/agents: JPMorgan Chase Bank, N.A. serves as administrative agent for the Company’s facility and for the subsidiaries’ facilities; JPMorgan, Mizuho and Wells Fargo were global coordinators.

Why It Matters
This filing shows CenterPoint and key subsidiaries have secured multi‑year liquidity lines to support operations, working capital and commercial paper issuance. The new facilities set borrowing costs tied to Term SOFR or an alternate base rate with margins that vary by entity and credit rating, and they include routine covenants that could affect capital structure (debt-to-capitalization limits). Changes to commercial paper program sizes indicate how the company plans to use the new credit capacity for short‑term funding. Investors should note these are committed, unsecured revolvers that materially affect the company’s liquidity profile and short-term funding flexibility.