Loop Capital Serves as Co-Manager on CenterPoint Energy's $1.7 Billion Ratepayer Backed Bond Transaction

Loop Capital served as a Co-Manager on CNP 2012-1, a $1.695 billion rate reduction bond offering for CenterPoint Energy Transition Bond Company IV, LLC.  The deal is rated Triple A by Moody's, S&P and Fitch. 

The Bonds are senior secured obligations of the issuer and will be supported by transition property, which includes the right to a special, irrevocable nonbypassable charge, known as a transition charge, paid by retail electric customers in CenterPoint Energy Houston Electric, LLC's service territory.  The proceeds from this transaction will be used to purchase the transition property from CenterPoint Houston.

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