Duke Energy launches USD 1.75 billion equity units offering with remarketable senior notes component
DUK•Use of proceeds
Proceeds are earmarked to redeem USD 500 million 3.25% Junior Subordinated Debentures due 2082, repay commercial paper, and fund general corporate needs.
Equity units offering launched
Duke Energy launched a public offering of USD 1.75 billion equity units, structured as corporate units with a forward stock purchase contract.
- Each USD 50 unit includes two 1/40 beneficial interests in remarketable senior notes with USD 1,000 principal each.
- Underwriters hold an option for 5 million additional corporate units, increasing the deal by USD 250 million if exercised.
