Duke Energy Corporation Issues New Debentures and Announces Redemption of Preferred Stock

Details

The proceeds from this issuance will be used to redeem the Company's outstanding 1,000,000 shares of 4.875% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock on September 16, 2024, and for general corporate purposes. The debentures were issued at a discount to their principal amount under an Indenture dated June 3, 2008, as supplemented by a Thirty-fourth Supplemental Indenture dated August 22, 2024. Additionally, Duke Energy Corporation filed a legal opinion regarding the validity of the Securities and certain tax matters as exhibits to this Form 8-K.

Items reported

Exhibits (4)

About Duke Energy Corporation

Duke Energy Corporation is an American energy company with a focus on electric power generation and distribution. It stands as one of the largest electric power holding companies in the United States, servicing around 7.9 million customers across six states in the South and Midwest. With a diversified energy portfolio, Duke Energy operates an array of power plants including coal, natural gas, hydroelectric, and increasingly, renewable energy sources like wind and solar. This diversification enhances its resilience and ability to adapt to the evolving energy landscape. Duke Energy's primary role is generating, transmitting, and distributing electricity, it also makes strides in natural gas distribution and achieving carbon neutrality, with ambitious goals to reduce carbon emissions. The company plays a pivotal role in shaping energy policy and pursuing sustainable energy solutions, thereby impacting both economic growth and environmental stewardship across regions it serves. Headquartered in Charlotte, North Carolina, Duke Energy is integral to the energy infrastructure, influencing sectors from residential and commercial electricity to industrial energy needs.