UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, and Telephone Number |
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Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number and IRS Employer Identification Number |
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Registrant, State of Incorporation or Organization, Address of Principal Executive Offices, Telephone Number and IRS Employer Identification Number | |||
(a North Carolina limited liability company) |
(an Ohio corporation) | |||||
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(an Indiana limited liability company) | |||||
(a Florida limited liability company) |
(a North Carolina corporation) |
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:
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 | ||||||
Duke Energy Corporation | ||||||
Duke Energy Corporation | , 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 | |||||
Duke Energy Corporation | ||||||
Duke Energy Corporation |
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).
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). |
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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 |
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