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Duke Energy announces proposed offering of $1 billion of convertible senior notes due 2029
Duke Energy Corporation (NYSE: DUK) today announced that it intends to offer, subject to market and other conditions, $1 billion aggregate principal amount of convertible senior notes due 2029 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Duke Energy also intends to grant each of the initial purchasers of the convertible notes an option to purchase up to an additional $150 million aggregate principal amount of the convertibl
About this update from Duke Energy Corporation (holding Company)
[{"type":"text","content":"CHARLOTTE, N.C., March 9, 2026 /PRNewswire/ -- Duke Energy Corporation (NYSE: DUK) today announced that it intends to offer, subject to market and other conditions, $1 billion aggregate principal amount of convertible senior notes due 2029 (the "convertible notes") in a private placement under the Securities Act of 1933, as amended (the "Securities Act"). Duke Energy also intends to grant each of the initial purchasers of the convertible notes an option to purchase up to an additional $150 million aggregate principal amount of the convertible notes for settlement within a 13-day period beginning on, and including, the date on which the convertible notes are first issued.","length":699,"tagName":"p"},{"type":"image","alt":"Duke Energy, the nation's largest electric utility, unveils its new logo.","displaySize":"","headline":null,"caption":"Duke Energy, the nation's largest electric utility, unveils its new logo.","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":64,"url":"https://media.zenfs.com/en/prnewswire.com/7a856f552afbe072ffb25f58ce6dd6e0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_t64VG3z61qDsXa3rV_Vvg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTExNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7a856f552afbe072ffb25f58ce6dd6e0","width":200,"height":64}},"href":"https://mma.prnewswire.com/media/2928739/Duke_Energy_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Duke Energy intends to use the net proceeds from the offering of the convertible notes to repay at maturity $1.725 billion aggregate principal amount of Duke Energy's outstanding 4.125% Convertible Senior Notes due April 15, 2026 (the "existing convertible notes"), including as applicable cash amounts due upon conversion thereof and for general corporate purposes.","length":380,"tagName":"p"},{"type":"text","content":"The convertible notes will be direct, unsecured and unsubordinated obligations of Duke Energy, and will be convertible at the option of the holders of such convertible notes upon satisfaction of certain conditions and during certain periods. Interest will be payable semiannually in arrears. Duke Energy will settle conversions of the convertible notes by paying cash up to the aggregate principal amount of the convertible notes to be converted and...