Duke Energy 8-K, filed Aug 13, 2026

Summary

Duke Energy completed the issuance and sale of 40,000,000 equity units, each with a stated amount of $50, including 5,000,000 units sold under the full exercise of the underwriters' over-allotment option, under an underwriting agreement dated August 10, 2026 with Barclays Capital Inc., BofA Securities, Inc. and Mizuho Securities USA LLC as representatives of the underwriters. Each equity unit comprises a stock purchase contract obligating the holder to buy Duke Energy common stock for $50 in cash no later than August 1, 2029, plus 1/40 interests in $1,000 principal amount of the company's 4.85% Remarketable Senior Notes due 2032 and 4.85% Remarketable Senior Notes due 2036, with total annual distributions of 7.75%.

Key points

• Duke Energy sold 40,000,000 equity units at a $50 stated amount each, with a 5,000,000-unit over-allotment option fully exercised.
• Each unit carries total annual distributions of 7.75%, composed of 2.90% per year in contract adjustment payments and 4.85% annual interest on the remarketable senior notes.
• The remarketable senior notes are pledged as collateral securing holders' obligations to purchase Duke Energy common stock under the purchase contracts, and will be remarketed before the settlement date.
• The notes were issued under Duke Energy's June 3, 2008 indenture with The Bank of New York Mellon Trust Company, N.A. as trustee, as supplemented by the thirty-sixth and thirty-seventh supplemental indentures dated August 13, 2026.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.