Duke Energy amends credit agreement to permit merger of Carolinas, Progress units
DUK•Duke Energy and its borrowing subsidiaries amended their credit agreement on November 9, 2026, with all lenders consenting to the planned merger of Duke Energy Progress into Duke Energy Carolinas, expected January 1, 2027.
1. Lenders consent to merger
Duke Energy and its borrowing subsidiaries amended their existing credit agreement on November 9, 2026. All lenders consented to the planned merger of Duke Energy Progress into Duke Energy Carolinas, expected January 1, 2027, with Duke Energy Carolinas as the surviving entity.
2. Agreement details
The credit agreement dates to March 18, 2022. Wells Fargo serves as administrative agent and swingline lender.
