3.000% Convertible Senior Notes due 2029
Note · Duke Energy Corporation
Reference: 3.000% Convertible Senior Notes due 2029
- Original principal
- USD 1,300,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- Mar 15, 2029
Last reported interest terms: 3% Reported 2026-03-12 Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
Documents and filing history
- Issuance · 8-K · 2026-03-12 — FORM 8-K
- Issuance · 8-K · 2026-03-10 — FORM 8-K
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Issuance
· 2026-03-12
Original principal USD 1,500,000,000 Exact source document
Parent 8-K filing · 2026-03-12
On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”), which included an additional $200,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were sold under a purchase agreement (the “Purchase Agreement”) dated March 9, 2026 among the Corporation and the initial purchasers (the “Initial Purchasers”) party thereto. The Notes bear interest at a fixed rate of 3.000% per year, payable semiannually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. The Notes will be convertible into cash or a combination of cash and shares of the Corporation’s common stock, $0.001 par value per share (“Common Stock”), as described below. The Notes are senior unsecured obligations of the Corporation, and will mature on March 15, 2029, unless earlier converted or repurchased in accordance with their terms.
Issuer evidence: On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”), which included an additional $200,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were sold under a purchase agreement (the “Purchase Agreement”) dated March 9, 2026 among the Corporation and the initial purchasers (the “Initial Purchasers”) party thereto. The Notes bear interest at a fixed rate of 3.000% per year, payable semiannually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. The Notes will be convertible into cash or a combination of cash and shares of the Corporation’s common stock, $0.001 par value per share (“Common Stock”), as described below. The Notes are senior unsecured obligations of the Corporation, and will mature on March 15, 2029, unless earlier converted or repurchased in accordance with their terms.
Supporting evidence: On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”)
Supporting evidence: On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”), which included an additional $200,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes were sold under a purchase agreement (the “Purchase Agreement”) dated March 9, 2026 among the Corporation and the initial purchasers (the “Initial Purchasers”) party thereto. The Notes bear interest at a fixed rate of 3.000% per year, payable semiannually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. The Notes will be convertible into cash or a combination of cash and shares of the Corporation’s common stock, $0.001 par value per share (“Common Stock”), as described below. The Notes are senior unsecured obligations of the Corporation, and will mature on March 15, 2029, unless earlier converted or repurchased in accordance with their terms.
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Issuance
· 2026-03-10
Original principal USD 1,300,000,000 Exact source document
Parent 8-K filing · 2026-03-10
On March 10, 2026, Duke Energy Corporation issued a press release announcing the pricing of an upsized private placement of $1,300,000,000 principal amount of 3.000% Convertible Senior Notes due 2029 (the “convertible notes”). The size of the offering was increased from the previously announced $1,000,000,000 aggregate principal amount of convertible notes. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Issuer evidence: On March 10, 2026, Duke Energy Corporation issued a press release announcing the pricing of an upsized private placement of $1,300,000,000 principal amount of 3.000% Convertible Senior Notes due 2029 (the “convertible notes”). The size of the offering was increased from the previously announced $1,000,000,000 aggregate principal amount of convertible notes. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Supporting evidence: On March 10, 2026, Duke Energy Corporation issued a press release announcing the pricing of an upsized private placement of $1,300,000,000 principal amount of 3.000% Convertible Senior Notes due 2029 (the “convertible notes”). The size of the offering was increased from the previously announced $1,000,000,000 aggregate principal amount of convertible notes. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.