Item 1.01. Entry into a Material Definitive Agreement.
On
Interest on the New Notes of each series is payable semi-annually. CERC may, at its option, prepay all or any portion of the New Notes at any time or from time to time, in an amount not less than 5% of the aggregate principal amount of any single series of the New Notes then outstanding in the case of a partial prepayment, at a price equal to the principal amount so prepaid plus a make whole premium. In addition, CERC is required to offer to prepay the New Notes at par upon specified change in control events.
The Note Purchase Agreements contain representations and warranties, affirmative and negative covenants and events of default that CERC considers customary for debt instruments of this nature, including covenants restricting the ability of CERC to merge with another entity, incur liens and certain indebtedness ranking senior to the New Notes and dispose of assets.
The issuance of the New Notes is being made by CERC in reliance on a private placement exemption from registration under the Securities Act of 1933, as amended.
The foregoing summary is qualified in its entirety by reference to the text of the Note Purchase Agreements, copies of which are filed as exhibits hereto and are incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. EXHIBIT NUMBER EXHIBIT DESCRIPTION 4.1* The Note Purchase Agreement, dated as ofMay 27, 2022 , between CERC and the Purchasers signatory thereto, in connection with the issuance by CERC of$40,000,000 aggregate principal amount of CERC's 4.36% Senior Notes, Series B, dueDecember 15, 2045 . 4.2* The Note Purchase Agreement, dated as ofMay 27, 2022 , between CERC and the Purchasers signatory thereto, in connection with the issuance by CERC of$57,000,000 aggregate principal amount of CERC's 3.72% Senior Notes, dueDecember 5, 2023 . 4.3* The Note Purchase Agreement, dated as ofMay 27, 2022 , between CERC and the Purchasers signatory thereto, in connection with the issuance by CERC of$10,000,000 aggregate principal amount of CERC's 4.25% Senior Notes, Series B, dueJune 5, 2043 . 4.4* The Note Purchase Agreement, dated as ofMay 27, 2022 , between CERC and the Purchasers signatory thereto, in connection with the issuance by CERC of$100,000,000 aggregate principal amount of CERC's 5.00% Senior Notes, dueFebruary 3, 2042 . 4.5* The Note Purchase Agreement, dated as ofMay 27, 2022 , between CERC and the Purchasers signatory thereto, in connection with the issuance by CERC of$60,000,000 aggregate principal amount of CERC's 5.02% Senior Notes, Series B, dueNovember 30, 2026 and$35,000,000 aggregate principal amount of CERC's 5.99% Senior Notes, Series C, dueNovember 30, 2041 . 104 Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document
* Schedules to this agreement have been omitted pursuant to Item 601(b)(2) of
Regulation
S-K.
A copy of any omitted schedules will be furnished supplementally to the
upon request; provided, however, that the parties may request confidential
treatment pursuant to Rule
24b-2
of the Exchange Act for any document so furnished.
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