---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-042547"
form_type: "8-K"
ticker: "DUK"
cik: "0001326160"
company_name: "Duke Energy CORP"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T04:58:18.363440+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Duke Energy issues $1.725B of 4.125% Convertible Notes due 2026

## Summary
- Issued $1.725B aggregate principal of 4.125% Convertible Senior Notes due April 15, 2026.
- Notes convertible into cash and/or DUK common stock at initial conversion price ~$118.86 (25% premium over April 3 close).
- Initial conversion rate: 8.4131 shares per $1,000 principal; maximum shares issuable 18,140,618.
- Sold in private offering under Rule 144A; proceeds not specified but presumably for general corporate purposes.

## SEC filing metadata
- accession: 0001104659-23-042547
- form_type: 8-K
- ticker: DUK
- cik: 0001326160
- company_name: Duke Energy CORP
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326160/000110465923042547/0001104659-23-042547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326160/000110465923042547/tm2311815d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-042547
- JSON: https://secwatch.observer/filing/0001104659-23-042547.json
- Plain text: https://secwatch.observer/filing/0001104659-23-042547.txt

## Key facts
- Debt Financings
  Duke Energy CORP incurred convertible notes of $1,725,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as trustee at 4.125% per year maturing April 15, 2026.
  - Instrument: convertible notes
  - Principal: $1,725,000,000 aggregate principal amount
  - Counterparty: The Bank of New York Mellon Trust Company, N.A., as trustee
  - Rate: 4.125% per year
  - Maturity: April 15, 2026
  - Event: incurrence
  source text: On April 6, 2023, Duke Energy Corporation (the “Corporation”) completed the sale of $1,725,000,000 aggregate principal amount of 4.125% Convertible Senior Notes due 2026 (the “Notes”), which included an additional $225,000,00 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326160/000110465923042547/0001104659-23-042547-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.