Hunton Andrews Kurth Advises Dealer Manager in Connection with CenterPoint Energy Resources Corp.’s $75 Million Exchange Offer

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October 5, 2022
News

Hunton Andrews Kurth LLP acted as counsel to the dealer manager in connection with CenterPoint Energy Resources Corp.’s (“CERC”) offer to certain eligible holders to exchange (the “Exchange Offer”) any and all outstanding 6.10% Senior Notes due 2035 issued by Vectren Utility Holdings, Inc. (predecessor of Vectren Utility Holdings, LLC), a wholly-owned indirect subsidiary of CenterPoint Energy, Inc., for (1) 6.10% Senior Notes due 2035 issued by the Company (the “New Notes”), with registration rights, and (2) cash.  In connection with the settlement of the Exchange Offer, on October 5, 2022, the Company issued $75 million aggregate principal amount of New Notes.

CERC is a wholly-owned subsidiary of CenterPoint Energy, Inc. headquartered in Houston, Texas, which owns and operates natural gas distribution facilities in four states. Additionally, CERC’s operating subsidiaries own and operate permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies and provides temporary delivery of liquified natural gas and compressed natural gas throughout the contiguous 48 states.

The Hunton Andrews Kurth team included Peter K. O’Brien, Steven C. Friend, Brendan P. Harney and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice. Leslie Okinaka provided ERISA advice.

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