Summary
Duke Energy Corporation (DUK) filed an 8-K report on January 26, 2009, to disclose the issuance of $750 million in aggregate principal amount of 6.30% Senior Notes due 2014. The issuance was made under an Underwriting Agreement dated January 21, 2009, with Banc of America Securities LLC, J.P. Morgan Securities Inc., and Morgan Stanley & Co. Incorporated acting as representatives for the underwriters. These notes will be governed by an Indenture dated June 3, 2008, and further supplemented by a Second Supplemental Indenture dated January 26, 2009. The filing also includes supporting documentation such as the legal opinion regarding the validity of the Securities, which is incorporated into the company's existing Registration Statement. This debt issuance provides Duke Energy with additional capital, the specific use of which is not detailed in this particular filing.
Key Highlights
- 1Duke Energy issued $750 million of 6.30% Senior Notes due 2014.
- 2The issuance was conducted through an Underwriting Agreement with major financial institutions.
- 3The notes are secured under an Indenture and a Second Supplemental Indenture.
- 4A legal opinion on the validity of the Securities is filed as an exhibit.
- 5This 8-K filing serves to formally report the terms and conditions of the debt issuance.
- 6The filing occurred on January 26, 2009.