CenterPoint Energy to pay Additional Interest on its 2.0 percent Zero-Premium Exchangeable Subordinated Notes due 2029

HOUSTON, July 6, 2015 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) has established July 10, 2015 and July 14, 2015 as Additional Interest Regular Record Dates under the terms of its 2.0 percent Zero-Premium Exchangeable Subordinated Notes due 2029 (ZENS).  Additional Interest of $1.4520600 per ZENS note will be paid on July 24, 2015 to holders of record as of the close of business on July 10, 2015, and Additional Interest of $0.8206900 per ZENS note will be paid on July 28, 2015 to holders of record as of the close of business on July 14, 2015.

The July 24, 2015 payment of Additional Interest reflects cash distributed in respect of the Reference Shares attributable to one ZENS note in connection with the consummation of Verizon Communications Inc.'s (NYSE, Nasdaq: VZ) tender offer for the outstanding shares of AOL Inc. The Additional Interest of $1.4520600 per ZENS note was calculated as the product of 0.045455 share of AOL per ZENS note, the $50 per share tender offer price and the 63.89 percent of outstanding AOL shares that participated in the tender offer.

The July 28, 2015 payment of Additional Interest reflects cash distributed in respect of the Reference Shares attributable to one ZENS note in connection with Verizon's acquisition of AOL shares remaining after consummation of its tender offer. The Additional Interest of $0.8206900 per ZENS note was calculated as the product of 0.045455 share of AOL per ZENS note, the $50 per share merger consideration price and the 36.11 percent of outstanding AOL shares that did not participate in Verizon's tender offer.      

Capitalized terms not otherwise defined in this press release have the meanings given to such terms in the indenture governing the ZENS.           

CenterPoint Energy, headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution and energy services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. The company also owns a 55.4 percent limited partner interest in Enable Midstream Partners, a publicly traded master limited partnership it jointly controls with OGE Energy Corp., which owns, operates and develops natural gas and crude oil infrastructure assets. With more than 7,400 employees, CenterPoint Energy and its predecessor companies have been in business for more than 140 years. For more information, visit the website at www.CenterPointEnergy.com.

This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual events and results may differ materially from those expressed or implied by these forward-looking statements. The statements in this news release regarding future events and other statements that are not historical facts are forward-looking statements that involve risks and uncertainties including market conditions and other factors discussed in CenterPoint Energy's Form 10-K for the fiscal year ended December 31, 2014, CenterPoint Energy's Form 10-Q for the quarter ended March 31, 2015, and CenterPoint Energy's other filings with the Securities and Exchange Commission.  

For more information contact
Media:
Leticia Lowe
Phone      713.207.7702
Investors:
David Mordy
Phone      713.207.6500

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SOURCE CenterPoint Energy, Inc.

Related Links

http://www.centerpointenergy.com

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