Duke Energy offers senior notes in two tranches on Tuesday

Chicago, Jan. 2 – Duke Energy Corp. is marketing a two-part offering of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday morning.

The notes will mature on Jan. 5, 2027 and Jan. 5, 2029.

The notes due in 2027 will be redeemable at any time with a make-whole premium. The notes due 2029 will also be callable with a make-whole premium but will come with a one-month par call option.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are listed as bookrunners for the offering.

Bank of New York Mellon Trust Co., NA will be the trustee.

The issuer is using in-house counsel and Hunton Andrews Kurth LLP. The underwriters are being advised by Sidley Austin LLP.

Proceeds will be used to repay the company’s $1 billion term loan due March 9, 2024, to repay a portion of outstanding commercial paper and for general corporate purposes. As of Dec. 19, Duke had $3.6 billion of commercial paper outstanding.

Duke Energy is a diversified energy company based in Charlotte, N.C.

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