Duke Energy prices upsized $1.3B 3.000% convertible notes due 2029 to refinance existing debt

Duke Energy CORP

Upsized private placement of $1.3B in 3.000% convertible senior notes due 2029, increased from $1B.
Initial conversion price ~$160.57/share, a 22.5% premium over March 9 closing price.
Net proceeds ~$1.29B (or ~$1.48B if option exercised) to repay $1.725B of 4.125% convertible notes maturing April 15, 2026.
Interest 3.000% paid semi-annually; maturity March 15, 2029; holders may require repurchase on fundamental change.
Initial purchasers have option to buy additional $200M notes; closing expected March 12, 2026.

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