The Firm represented Mizuho Bank, Ltd and U.S. Bank National Association, as the joint lead arrangers in connection with a $500 million term loan facility made available to CenterPoint Energy Resources Corp. (“CERC”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE:CNP) (“CenterPoint”).
As the only investor owned electric and gas utility based in Texas, CenterPoint is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. CERC owns and operates natural gas distribution facilities in several states (including Texas, Minnesota and Louisiana), with operating subsidiaries that own and operate permanent pipeline connections through interconnects with various interstate and intrastate pipeline companies. With approximately 8,900 employees, CenterPoint and its predecessor companies have been in business for more than 150 years.
The Simpson Thacher team included Brandan Still, Ron Havas and Enzo Salamone (Banking and Credit).