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Article: CenterPoint Energy, Inc. Announces Purchase Option of 2.875 Percent Convertible Senior Notes Due 2024.
- Article from:
- PR Newswire
- Article date:
- December 14, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON, Dec. 14 /PRNewswire-FirstCall/ -- CenterPoint Energy, Inc. today announced that holders of its 2.875 percent Convertible Senior Notes due 2024 have the option to require CenterPoint Energy to purchase their notes as of January 15, 2007 (the "Purchase Date"). Each holder of the notes has the right to require CenterPoint Energy to purchase on January 16, 2007 (the first business day after the Purchase Date) all or any part of such holder's notes at a purchase price of $1,000 in cash plus accrued and unpaid interest to the Purchase Date. The amount of interest that will be payable with respect to the notes on the Purchase Date is $14.375 per $1,000 principal ...
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