HOUSTON, Sept. 10, 2013 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced today that it amended the three revolving bank credit facilities of the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC). (Logo: http://photos.prnewswire.com/prnh/20020930/CNPLOGO) The amendments extend the maturity date of each of the facilities from Sept. 9, 2016, to Sept. 9, 2018. In addition, the debt-to-earnings before interest, taxes, depreciation and amortization financial covenant in the CenterPoint Energy facility has been replaced with a debt-to-capitalization financial covenant and the aggregate commitments under the CERC facility have been reduced from $950 million to $600 million. The aggregate commitments under the CenterPoint Energy and CEHE facilities remain at $1.2 billion and $300 million, respectively. "I am pleased that we have been able to lock in the short-term liquidity provided by these facilities for the next five years, and gratified that each of the banks in our facilities has agreed to the amendments and extensions we sought," said Gary L. Whitlock, executive vice president and chief financial officer of CenterPoint Energy. "These appropriately sized and competitively priced facilities allow the company to strengthen its liquidity and enhance its financial flexibility." Based on current credit ratings, the CenterPoint Energy and CERC facilities have a drawn cost of LIBOR plus 150 basis points, and the CEHE facility has a drawn cost of LIBOR plus 125 basis points. These revolving credit facilities may be drawn on from time to time to provide funds used for general corporate purposes of the companies and to support commercial paper. The facilities may also be utilized to obtain letters of credit. The amendments and extensions of the three facilities were coordinated by J.P. Morgan Securities LLC, and Citigroup Global Markets, Inc., which together with RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC, also served as joint lead arrangers and joint bookrunners for the facilities. JPMorgan Chase Bank, N.A. serves as the administrative agent for CenterPoint Energy's and CEHE's facilities, and Citibank, N.A. serves as the administrative agent for CERC's facility.