Duke Energy Corporation announced the launch of a private placement of $1 billion principal amount of Convertible Senior Notes due 2029, with an option for initial purchasers to buy up to an additional $150 million. Net proceeds will repay $1.725 billion of outstanding 4.125% Convertible Senior Notes due April 15, 2026 at maturity and for general corporate purposes.
Key takeaways
Private placement of $1,000,000,000 Convertible Senior Notes due 2029 announced March 9, 2026
Option to purchase additional $150 million aggregate principal amount within 13 days of issuance
Net proceeds to repay $1.725 billion 4.125% Convertible Senior Notes due April 15, 2026
Notes are unsecured, unsubordinated obligations, convertible into cash, common stock or combination
Offered to qualified institutional buyers under Rule 144A, not registered under Securities Act