CENTERPOINT ENERGY RESOURCES CORP 8-K

What Happened

• CenterPoint Energy Resources Corp announced it entered into an $800 million delayed‑draw term loan agreement dated January 16, 2026, with Toronto Dominion (Texas) LLC as administrative agent and the participating banks. The company may borrow up to $800 million in up to three separate borrowings through March 30, 2026 (commitments expire March 31, 2026). The borrowings mature on July 16, 2027 and proceeds are intended for general corporate purposes.

Key Details

• Loan size: up to $800 million (delayed draw, up to three borrowings).
• Draw period/expiry: borrowings may be made through March 30, 2026; commitments expire March 31, 2026.
• Maturity: July 16, 2027.
• Interest: at borrower’s option, Term SOFR + 0.85% or an Alternate Base Rate; prepayment permitted without penalty (except customary SOFR breakage costs).
• Covenants and protections: contains customary covenants including a limit on a specified consolidated debt to consolidated capitalization ratio and acceleration on customary events of default; includes mechanisms to replace Term SOFR if unavailable.
• Committed lenders include Toronto‑Dominion Bank (New York Branch), PNC Bank, N.A., and The Bank of Nova Scotia; affiliates have provided other services to the company.

Why It Matters

• This agreement gives CenterPoint Energy Resources Corp near‑term access to up to $800M of committed financing, providing liquidity flexibility for operations and corporate needs. The relatively short maturity (mid‑2027) and the covenant on leverage are important for investors to monitor, as future capital needs, refinancing plans and the company’s debt metrics could be affected. The interest option tied to Term SOFR (+0.85%) or an alternate rate defines potential borrowing costs while the delayed‑draw structure allows the company to draw funds only if and when needed.