The Firm represented Toronto-Dominion Bank, New York Branch and the other lenders in connection with a $800 million delayed draw term loan facility made available to CenterPoint Energy Resources Corp. (“CERC”), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (“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, Minnesota, Ohio and Texas. As of September 30, 2025, the company owned approximately $45 billion in assets. With approximately 8,300 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. 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.
The Simpson Thacher team included Brandan Still, Ron Havas, Logan Harris (Banking and Credit); Adam Arikat (Tax); and Anais Bourbon (Regulatory).