Duke Energy raises $2.0B via 40M equity units at $50; 7.75% annual distribution

Duke Energy CORP

Issued 40,000,000 equity units at $50 stated amount each, raising $2.0B gross; includes 5M units from full over-allotment exercise.
Each unit: stock purchase contract (settles Aug 1, 2029 for common stock) plus 1/40 interest in 4.85% Remarketable Senior Notes due 2032 and 2036.
Total annual distribution 7.75% of stated amount: 2.90% contract adjustment payments plus 4.85% RSN interest.
Underwriters: Barclays Capital, BofA Securities, Mizuho Securities; underwriting agreement dated Aug 10, 2026; closed Aug 13, 2026.
RSNs issued under Indenture dated June 3, 2008, supplemented by Thirty-sixth and Thirty-seventh Supplemental Indentures.

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