Duke Energy raises $2B via equity units with 7.75% yield, mandatory stock purchase by Aug 2029

Filed August 13, 2026 · Period ending August 10, 2026 · ~2 min read

Key Changes

• high

  Issued 40M equity units at $50 each ($2B gross), including full exercise of 5M-unit over-allotment. Each unit comprises a mandatory stock purchase contract settling Aug 2029 and fractional interests in 2032/2036 remarketable senior notes.

  Item 8.01 verify on EDGAR →
• high

  Stock purchase contracts obligate holders to buy 0.3301–0.4126 shares per unit for $50 cash by Aug 2029. Settlement rate depends on stock price: max shares if ≤$121.18 (pricing-day close), min shares if ≥$151.47 (25% appreciation threshold).

  Exhibit 99.1 view on EDGAR →
• medium

  Units pay 7.75% annual distributions: 2.90% from contract adjustment payments (quarterly, deferrable with 7.75% compounding on deferrals) plus 4.85% from remarketable senior notes (2032 and 2036 maturities).

  Item 8.01 verify on EDGAR →