0001193125-21-060798.txt : 20210226 0001193125-21-060798.hdr.sgml : 20210226 20210226165607 ACCESSION NUMBER: 0001193125-21-060798 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210226 DATE AS OF CHANGE: 20210226 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: 21690409 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 d126009dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration No. 333-238617-02

February 26, 2021

PRICING TERM SHEET

(to Preliminary Prospectus Supplement dated February 26, 2021)

 

Issuer:    CenterPoint Energy Resources Corp.
Legal Format:    SEC Registered
Anticipated Ratings*:    A3 (negative) / BBB+ (stable) / A- (stable) (Moody’s/S&P/Fitch)
Security:    0.70% Senior Notes due 2023    Floating Rate Senior Notes due 2023
Size:    $700,000,000    $1,000,000,000
Maturity Date:    March 2, 2023    March 2, 2023
Interest Payment Dates:    Semi-annually in arrears on March 2 and September 2, commencing September 2, 2021    Quarterly in arrears on March 2, June 2, September 2 and December 2, commencing June 2, 2021
Coupon Rate:    0.70%    Three-month LIBOR plus 50 basis points per annum, payable quarterly in arrears and reset quarterly. The coupon rate that will be in effect on the settlement date will be determined on March 1, 2021.
Price to Public:    99.903%    100%
Optional Redemption:    Redeemable at any time on or after September 2, 2021, in whole or in part, at 100% of the principal amount, plus any accrued and unpaid interest.    Redeemable at any time on or after September 2, 2021, in whole or in part, at 100% of the principal amount, plus any accrued and unpaid interest.
Interest Reset Dates:    N/A    Each March 2, June 2, September 2 and December 2, commencing June 2, 2021.
Benchmark Treasury:    0.125% due January 31, 2023    N/A
Benchmark Treasury Yield:    0.149%    N/A
Spread to Benchmark Treasury:    +60 basis points    N/A
Re-offer Yield:    0.749%    N/A
Trade Date:    February 26, 2021
Expected Settlement Date:    March 2, 2021 (T+2)
CUSIP:    15189W AM2    15189W AN0
Joint Book-Running Managers:   

J.P. Morgan Securities LLC

MUFG Securities Americas Inc.

U.S. Bancorp Investments, Inc.

Wells Fargo Securities, LLC

Co-Manager:    Drexel Hamilton, 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 J.P. Morgan Securities LLC collect at 1-212-834-4533, MUFG Securities Americas Inc. toll-free at 1-877-649-6848, U.S. Bancorp Investments, Inc. toll-free at 1-877-558-2607 and Wells Fargo Securities, LLC toll free at 1-800-645-3751.