Financing ·
Duke Energy Corporation consummated the issuance and sale of 40,000,000 equity units on August 13, 2026, including…
DUK-PADuke Energy Corp
Duke Energy Corporation consummated the issuance and sale of 40,000,000 equity units on August 13, 2026, including 5,000,000 units purchased under the full exercise of the underwriters' over-allotment option. Each unit has a stated amount of $50 and consists of stock purchase contracts obligating holders to buy common stock by August 1, 2029, along with interests in 4.85% Remarketable Senior Notes due 2032 and 2036. The total annual distribution rate is 7.75%, comprising quarterly contract adjustment payments of 2.90% and note interest of 4.85%. This transaction represents a significant capital raising activity for the company, which operates in the electric utility industry providing electricity and natural gas services.