Duke Energy CORP (DUK): debt financing — Duke Energy closes $1.5B 3% convertible notes due 2029 at 22.5% premium

Duke Energy CORP

Sold $1.5B aggregate principal of 3.000% convertible senior notes due March 15, 2029.
Includes $200M from full exercise of initial purchasers' option; interest payable semiannually.
Conversion price ~$160.57 per share (22.5% premium over March 9, 2026 closing price).
Notes are senior unsecured, convertible into cash and/or common shares at Duke's election.
Maximum common shares issuable upon conversion is 11,443,350, subject to adjustment.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Duke Energy CORP incurred convertible notes of $1,500,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 3.000% per year maturing March 15, 2029.

Instrument: convertible notes
Principal: $1,500,000,000 aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Rate: 3.000% per year
Maturity: March 15, 2029
Event: incurrence

Exact text from the filing

On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”), which included an additional $200,000,000 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”).

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Source: SEC EDGAR

accession 0001104659-26-027080

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