Each unit, priced at $50, comprises a contract to purchase common stock and an interest in senior notes. The company has also granted underwriters an option to purchase an additional 5 million units to cover over-allotments. Duke Energy plans to list these corporate units on the New York Stock Exchange, with trading expected to begin within 30 days of issuance, pending regulatory approval.
In section Releases
Duke Energy launches $1.75 billion equity units offering
Duke Energy Corporation announced plans to sell 35 million equity units in a public offering, aiming to raise $1.75 billion. The Charlotte-based energy giant intends to use the proceeds to redeem outstanding junior subordinated debentures, pay down commercial paper, and support general corporate operations.
A consortium of financial institutions is managing the offering, including Barclays, BofA Securities, Mizuho, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, Truist Securities, and Wells Fargo Securities. The transaction is being conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission.
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