0001326160 false 0001326160 2023-03-17 2023-03-17 0001326160 duk:DukeEnergyCarolinasMember 2023-03-17 2023-03-17 0001326160 duk:DukeEnergyOhioMember 2023-03-17 2023-03-17 0001326160 duk:DukeEnergyProgressMember 2023-03-17 2023-03-17 0001326160 duk:DukeEnergyIndianaMember 2023-03-17 2023-03-17 0001326160 duk:DukeEnergyFloridaMember 2023-03-17 2023-03-17 0001326160 duk:PiedmontNaturalGasCompanyMember 2023-03-17 2023-03-17 0001326160 duk:CommonStock0.001ParValueMember 2023-03-17 2023-03-17 0001326160 duk:Sec5.625JuniorSubordinatedDebenturesDueSeptember152078Member 2023-03-17 2023-03-17 0001326160 duk:DepositarySharesMember 2023-03-17 2023-03-17 0001326160 duk:Percentage310seniornotesdue2028Member 2023-03-17 2023-03-17 0001326160 duk:Percentage385seniornotesdue2034Member 2023-03-17 2023-03-17 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 17, 2023

 

Commission file

number

 

Registrant, State of Incorporation or Organization,

Address of Principal Executive Offices, and Telephone Number

 

IRS Employer

Identification No.

         
    DUKE ENERGY CORPORATION    
    (a Delaware corporation)    
1-32853  

526 South Church Street

 Charlotte, North Carolina 28202-1803

704-382-3853

  20-2777218
         
       

 

Commission

file number

 

Registrant, State of Incorporation or Organization,

Address of Principal Executive Offices, Telephone

Number and IRS Employer Identification Number

 

Commission

file number

 

Registrant, State of Incorporation or Organization,

Address of Principal Executive Offices, Telephone

Number and IRS Employer Identification Number

1-4928  

DUKE ENERGY CAROLINAS, LLC

(a North Carolina limited liability company)

526 South Church Street

Charlotte, North Carolina 28202-1803

704-382-3853

56-0205520

  1-1232  

DUKE ENERGY OHIO, INC.

(an Ohio corporation)

139 East Fourth Street

Cincinnati, Ohio 45202

704-382-3853

31-0240030

1-3382  

DUKE ENERGY PROGRESS, LLC

(a North Carolina limited liability company)

410 South Wilmington Street

Raleigh, North Carolina 27601-1748

704-382-3853

56-0165465

  1-3543  

DUKE ENERGY INDIANA, LLC

(an Indiana limited liability company)

1000 East Main Street

Plainfield, Indiana 46168

704-382-3853

35-0594457

1-3274  

DUKE ENERGY FLORIDA, LLC

(a Florida limited liability company)

299 First Avenue North

St. Petersburg, Florida 33701

704-382-3853

59-0247770

  1-6196  

PIEDMONT NATURAL GAS COMPANY, INC.

(a North Carolina corporation)

4720 Piedmont Row Drive

Charlotte, North Carolina 28210

704-364-3120

56-0556998

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Registrant   Title of each class:   Trading
Symbol(s):
  Name of each exchange on
which registered:
Duke Energy Corporation   Common Stock, $0.001 par value  

DUK

 

New York Stock Exchange LLC

Duke Energy Corporation   5.625% Junior Subordinated Debentures due September 15, 2078   DUKB   New York Stock Exchange LLC
Duke Energy Corporation   Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share   DUK PR A   New York Stock Exchange LLC
             
Duke Energy Corporation   3.10% Senior Notes due 2028   DUK 28A   New York Stock Exchange LLC
             
Duke Energy Corporation   3.85% Senior Notes due 2034   DUK34   New York Stock Exchange LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

¨         Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 8.01. Other Events.

 

Amendments to Amended and Restated Credit Agreement and Term Loan Credit Agreement

 

On March 17, 2023, Duke Energy Corporation (the “Corporation”) and its subsidiaries, Duke Energy Carolinas, LLC, Duke Energy Florida, LLC, Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., Duke Energy Progress, LLC, Piedmont Natural Gas Company, Inc, and the Master Credit Facility Lenders (defined herein) entered into an amendment to the Amended and Restated Credit Agreement dated as of March 18, 2022 among the Corporation, its subsidiaries and the lenders thereunder (the “Master Credit Facility Lenders”) to (i) extend the commitment termination date in the Amended and Restated Credit Agreement from March 18, 2027 to March 17, 2028 and (ii) clarify that payments due as a result of a conversion of a convertible note would not constitute an event of default under the Amended and Restated Credit Agreement.

 

On March 31, 2023, a similar clarifying amendment was made effective to the Term Loan Credit Agreement, dated as of March 9,2022, among the Corporation and the lenders thereunder (the “Term Loan Lenders”), with the consent of the Term Loan Lenders, to clarify that payments due as a result of a conversion of a convertible note would not constitute an event of default under the Term Loan Credit Agreement.

 

Convertible Senior Notes due 2026

 

On April 3, 2023, the Corporation issued a press release announcing the launch of a private placement of $1,500,000,000 principal amount of its Convertible Senior Notes due 2026 (the “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.

 

Item 9.01. Financial Statements and Exhibits.

 

(d)Exhibits.

 

99.1   Press Release issued by Duke Energy Corporation on April 3, 2023.
     
104   Cover Page Interactive Data file (the Cover Page Interactive Data file is embedded within the Inline XBRL document).

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

  DUKE ENERGY CORPORATION
  DUKE ENERGY CAROLINAS, LLC
  DUKE ENERGY PROGRESS, LLC
  DUKE ENERGY FLORIDA, LLC
  DUKE ENERGY OHIO, INC.
  DUKE ENERGY INDIANA, LLC
  PIEDMONT NATURAL GAS COMPANY, INC.
Date: April 3, 2023  
  By: /s/ Robert T. Lucas III
    Name: Robert T. Lucas III
    Title: Assistant Corporate Secretary

 

2