Duke Energy Florida plans public sale of two-year bullet notes

By Devika Patel

Knoxville, Tenn., Dec. 7 – Duke Energy Florida, LLC intends to price an offering of senior notes due Dec. 15, 2019, according to a 424B5 filed with the Securities and Exchange Commission.

The notes may not be redeemed prior to maturity.

Citigroup Global Markets Inc. and UBS Securities LLC are the joint bookrunners.

Proceeds will be used for storm restoration costs related to Hurricane Irma and for general company purposes.

The public utility is based in St. Petersburg, Fla., and is a subsidiary of Duke Energy Corp.

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