Summary
Duke Energy Corporation (DUK) has filed an 8-K report detailing the consummation of a significant debt offering on August 10, 2017. The company successfully issued and sold a total of $1.75 billion in senior notes across three tranches: $500 million of 2.40% Senior Notes due 2022, $750 million of 3.15% Senior Notes due 2027, and $500 million of 3.95% Senior Notes due 2047. These notes were issued under an existing indenture, as amended and supplemented, and were sold to a group of underwriters at a discount to their principal amounts.
Key Highlights
- 1Duke Energy successfully issued $1.75 billion in aggregate principal amount of senior notes.
- 2The new debt offering includes notes with maturities in 2022, 2027, and 2047, offering a range of durations.
- 3Interest rates on the new notes are 2.40% (2022), 3.15% (2027), and 3.95% (2047).
- 4The issuance was conducted through an underwriting agreement with major financial institutions.
- 5The notes were issued pursuant to an existing indenture and a new supplemental indenture.
- 6The company is providing supporting documentation, including the underwriting agreement and legal opinions on the validity of the securities.