Reported Earlier, CenterPoint Energy Prices $250M Public Offering Of 9,754,194 Common Shares At $25.63/Share
Portfolio Pulse from Benzinga Newsdesk
CenterPoint Energy has priced a $250 million public offering of 9,754,194 common shares at $25.63 per share. The proceeds will be used for general corporate purposes, including the repayment of outstanding commercial paper.
August 08, 2024 | 5:45 am
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CenterPoint Energy has announced a $250 million public offering of common shares at $25.63 per share. The funds will be used for general corporate purposes, including the repayment of commercial paper.
The public offering will provide CenterPoint Energy with additional capital, which can be positive for the company's financial health. However, the issuance of new shares may dilute existing shareholders' equity, leading to a neutral short-term impact on the stock price.
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