DUK - Duke Energy prices $1.5B senior notes
2023-04-04 06:53:41 ET
- Duke Energy ( NYSE: DUK ) prices offering of $1.5B aggregate principal amount of 4.125% convertible senior notes due 2026 in a private placement.
- The company also granted initial purchasers an additional $225M aggregate principal amount of the convertible notes solely to cover over-allotments.
- The sale of the convertible notes is expected to close on April 6, 2023.
- Net proceeds from the convertible notes will be approximately $1.476B.
- The company intends to use the net proceeds to repay a portion of its commercial paper and for general corporate purposes.
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Duke Energy prices $1.5B senior notes