Duke Energy prices USD 1.75 billion equity units backed by remarketable senior notes

Duke Energy priced USD 1.75 billion of Equity Units, each initially consisting of Corporate Units with Remarketable Senior Notes due 2032 and 2036.

• The deal includes an underwriters’ option for 5,000,000 additional Equity Units, lifting total proceeds to USD 2 billion if exercised.
• Equity Units were priced at USD 50 each; underwriters pay USD 49.125 per unit for 35,000,000 units.
• Each unit includes a stock purchase contract to buy common shares on Aug. 1, 2029 for USD 50.
• The remarketable senior notes carry a 4.85% rate at issuance, with maturities set for Aug. 1, 2032 and Aug. 1, 2036.