Duke Energy sold $1.5B of 3.000% convertible senior notes due 3/15/2029 (includes $200M option) in a Rule…
Filed with the SEC on · Summarized by InvestorsBot
Duke Energy sold $1.5B of 3.000% convertible senior notes due 3/15/2029 (includes $200M option) in a Rule 144A private offering; closing 3/12/2026. Interest semi‑annual Mar/Sept starting 9/15/2026. $DUK 💵 #DukeEnergy #Debt
Notes convertible into cash or cash+stock. Initial conversion rate 6.2277 shares per $1,000 (≈$160.57/share), ~22.5% premium to 3/9/26 close. Convertible freely from 12/15/2028 until just before maturity. $DUK 🔁📈 #Convertibles #Finance
Notes are senior unsecured, unsubordinated, pari passu with other unsecured debt; indenture dated 3/12/2026 with BNY Mellon as trustee. No issuer call; holders may force repurchase on a Fundamental Change at 100% principal + accrued interest. $DUK 🧾 #Credit #Utilities