Recent Updates — DUK-PA

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.