Duke Energy Files 8-K with Debt and Equity Details

TL;DR

DUK filed an 8-K detailing its debt and equity. Nothing major, just standard financial reporting.

AI Summary

Duke Energy Corp. filed an 8-K on June 7, 2024, reporting "Other Events" and "Financial Statements and Exhibits." The filing includes details about various debt instruments, such as Five 6.25% Junior Subordinated Debentures due September 15, 2078, and Three 7.50% Senior Notes due 2031. It also references common stock and preferred stock.

Why It Matters

This filing provides investors with updated information on Duke Energy's outstanding debt and equity, which is crucial for assessing the company's financial structure and risk profile.

Risk Assessment

Risk Level: low — The filing is a routine 8-K reporting financial details and does not indicate any significant new risks or events.

Key Numbers

• 6.25% — Junior Subordinated Debentures Interest Rate (Duke Energy's debt structure)
• 5.75% — Series A Cumulative Redeemable Perpetual Preferred Stock Interest Rate (Duke Energy's equity structure)
• 2078 — Maturity Year (For the 6.25% Junior Subordinated Debentures)
• 2031 — Maturity Year (For the 7.50% Senior Notes)

Key Players & Entities

• Duke Energy CORP (company) — Filer
• DUK:Five625JuniorSubordinatedDebenturesDueSeptember152078Member (dollar_amount) — Debt Instrument
• DUK:DepositarySharesEachRepresentingA11000thInterestInAShareOf575SeriesACumulativeRedeemablePerpetualPreferredStockParValue0001PerShareMember (dollar_amount) — Equity Instrument
• DUK:Three10SeniorNotesDue2028Member (dollar_amount) — Debt Instrument
• DUK:Three85SeniorNotesDue2034Member (dollar_amount) — Debt Instrument
• DUK:Three75SeniorNotesDue2031Member (dollar_amount) — Debt Instrument

FAQ

Key Financial Figures

• $0.001 — Duke Energy Corporation Common Stock, $0.001 par value DUK New York Stock Exchan
• $750,000,000 — d to issue and sell to the Underwriters $750,000,000 aggregate principal amount of the Compa

Filing Documents

• tm2415858d5_8k.htm (8-K) — 43KB
• tm2415858d5_ex4-1.htm (EX-4.1) — 182KB
• tm2415858d5_ex5-1.htm (EX-5.1) — 22KB
• tm2415858d5_ex99-1.htm (EX-99.1) — 194KB
• tm2415858d5_8kimg001.jpg (GRAPHIC) — 11KB
• 0001104659-24-069672.txt ( ) — 788KB
• duk-20240607.xsd (EX-101.SCH) — 5KB
• duk-20240607_def.xml (EX-101.DEF) — 28KB
• duk-20240607_lab.xml (EX-101.LAB) — 41KB
• duk-20240607_pre.xml (EX-101.PRE) — 26KB
• tm2415858d5_8k_htm.xml (XML) — 10KB

01. Other Events

Item 8.01. Other Events. On June 7, 2024, Duke Energy Corporation (the "Company") consummated the issuance and sale of the securities described below pursuant to an underwriting agreement, dated June 5, 2024 (the "Underwriting Agreement"), with BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the "Underwriters"), pursuant to which the Company agreed to issue and sell to the Underwriters $750,000,000 aggregate principal amount of the Company's 5.45% Senior Notes due 2034 and $750,000,000 aggregate principal amount of the Company's 5.80% Senior Notes due 2054 (collectively, the "Securities"). The Securities were sold to the Underwriters at discounts to their principal amounts. The Securities were issued pursuant to an Indenture, dated as of June 3, 2008 (the "Indenture"), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"), as amended and supplemented by various supplemental indentures thereto, including the Thirty-third Supplemental Indenture, dated as of June 7, 2024 (the "Supplemental Indenture"), between the Company and the Trustee. The disclosure in this Item 8.01 is qualified in its entirety by the provisions of the Indenture, the Supplemental Indenture, together with the forms of global notes evidencing the Securities included therein, which is filed as Exhibit 4.1 hereto, and the Underwriting Agreement, which is filed as Exhibit 99.1 hereto. Such exhibits are incorporated herein by reference. Also, in connection with the issuance and sale of the Securities, the Company is filing a legal opinion regarding the validity of the Securities as Exhibit 5.1 to this Form 8-K for the purpose of incorporating such opinion into the Company's Registration Statement on Form S-3, No. 333-267583.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 4.1 Thirty-third Supplemental Indenture, dated as of June 7, 2024 , to the Indenture, dated as of June 3, 2008, between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee, and forms of global notes included therein 5.1 Opinion of Robert T. Lucas III regarding validity of the Securities 23.1 Consent of Robert T. Lucas III (included as part of Exhibit 5.1) 99.1 Underwriting Agreement, dated June 5, 2024, among the Company and BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein 104 Cover Page Interactive Data file (the Cover Page Interactive Data file is embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DUKE ENERGY CORPORATION Date:June 7, 2024 By: /s/ Robert T. Lucas III Name: Robert T. Lucas III Title: Assistant Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR