Duke Energy Files 8-K with Debt and Equity Details

TL;DR

DUK filed an 8-K detailing its debt and equity. All good.

AI Summary

Duke Energy Corp. filed an 8-K on August 22, 2024, reporting "Other Events" and "Financial Statements and Exhibits." The filing includes details on various debt instruments, such as Five 6.25% Junior Subordinated Debentures due September 15, 2078, and Three 7.5% Senior Notes due 2031. It also references preferred stock and common 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 disclosure of financial instruments and does not indicate any immediate or significant risks.

Key Players & Entities

• Duke Energy Corp. (company) — Filer
• Five 6.25% Junior Subordinated Debentures due September 15, 2078 (dollar_amount) — Debt Instrument
• Three 7.5% Senior Notes due 2031 (dollar_amount) — Debt Instrument
• 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock (dollar_amount) — Equity Instrument

FAQ

Key Financial Figures

• $0.001 — Duke Energy Corporation Common Stock, $0.001 par value DUK New York Stock Exchan
• $1,000,000,000 — d to issue and sell to the Underwriters $1,000,000,000 aggregate principal amount of the Compa

Filing Documents

• tm2421766d4_8k.htm (8-K) — 46KB
• tm2421766d4_ex4-1.htm (EX-4.1) — 153KB
• tm2421766d4_ex5-1.htm (EX-5.1) — 21KB
• tm2421766d4_ex8-1.htm (EX-8.1) — 18KB
• tm2421766d4_ex99-1.htm (EX-99.1) — 177KB
• tm2421766d4_8kimg001.jpg (GRAPHIC) — 11KB
• tm24217660d4_ex8-1img001.jpg (GRAPHIC) — 12KB
• 0001104659-24-092007.txt ( ) — 786KB
• duk-20240822.xsd (EX-101.SCH) — 5KB
• duk-20240822_def.xml (EX-101.DEF) — 28KB
• duk-20240822_lab.xml (EX-101.LAB) — 41KB
• duk-20240822_pre.xml (EX-101.PRE) — 26KB
• tm2421766d4_8k_htm.xml (XML) — 10KB

01. Other Events

Item 8.01. Other Events. On August 22, 2024, Duke Energy Corporation (the "Company") consummated the issuance and sale of the securities described below pursuant to an underwriting agreement, dated August 19, 2024 (the "Underwriting Agreement"), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the "Underwriters"), pursuant to which the Company agreed to issue and sell to the Underwriters $1,000,000,000 aggregate principal amount of the Company's 6.45% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures due 2054 (the "Securities"). The Securities were sold to the Underwriters at a discount to their principal amount. The Company intends to use the net proceeds from the offering of the Securities to redeem on September 16, 2024 the outstanding 1,000,000 shares of its 4.875% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Stock") and for general corporate purposes. On August 16, 2024, the Company issued a Notice of Redemption with respect to the redemption of the Series B Preferred Stock on September 16, 2024. This report shall not constitute a notice of redemption with respect to or an offer to tender for or purchase or sell (or the solicitation of an offer to tender for or purchase or sell) any securities. 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-fourth Supplemental Indenture, dated as of August 22, 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 t

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 4.1 Thirty-fourth Supplemental Indenture, dated as of August 22, 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 form of global debenture included therein 5.1 Opinion of Lindsay B. Schall regarding validity of the Securities 8.1 Opinion of Hunton Andrews Kurth LLP regarding certain tax matters 23.1 Consent of Lindsay B. Schall (included as part of Exhibit 5.1) 23.2 Consent of Hunton Andrews Kurth LLP (included as part of Exhibit 8.1) 99.1 Underwriting Agreement, dated August 19, 2024, among the Company and BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc., 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) 1 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: August 22, 2024 By: /s/ David S. Maltz Name: David S. Maltz Title: Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary 2

View Full Filing

View this 8-K filing on SEC EDGAR