Duke Energy to price senior notes in new, reopened tranches

By Aleesia Forni

New York, Nov. 16 – Duke Energy Corp. intends to price a two-part offering of senior notes in new and reopened tranches, according to a 424B5 filed with the Securities and Exchange Commission.

The company is planning a tap of its existing 3.75% notes due April 15, 2024, of which $600 million priced at Treasuries plus 100 basis points on April 1, 2015.

A second tranche of notes matures in 2045.

J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG and Scotia Capital (USA) Inc. are the bookrunners.

Proceeds will be used to repay outstanding commercial paper, to repay at maturity Progress Energy Inc.’s $300 million of 5.625% senior notes due Jan. 15, 2016 and for general corporate purposes.

The diversified energy company is based in Charlotte, N.C.

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