Duke Energy Corporation has consummated the issuance and sale of 40 million equity units for total proceeds of approximately $2.0 billion. The offering, which includes the full exercise of the underwriters' 5 million unit over-allotment option, was completed on August 13, 2026.
Key Details
- Offering Size: 40,000,000 equity units (Corporate Units) with a stated amount of $50 per unit, totaling approximately $2.0 billion.
- Unit Structure: Each unit consists of a stock purchase contract obligating the holder to buy Duke Energy common stock no later than August 1, 2029, and a 1/40th beneficial interest in two series of 4.85% Remarketable Senior Notes due 2032 and 2036.
- Distribution & Interest: The units offer a total annual distribution of 7.75%, consisting of 2.90% in contract adjustment payments and 4.85% interest from the underlying senior notes.