Mar. 9 at 3:08 PM
Duke Energy announced a private offering of
$1 billion in convertible notes due in 2029. The company plans to use the proceeds primarily to repay part of its 4.125% convertible notes maturing on April 15, 2026, which have
$1.725 billion in principal outstanding, including cash owed after conversions, with the remainder used for general corporate purposes.
The Charlotte-based utility has a market capitalization of about
$102 billion. Last month, Duke Energy increased its five-year capital spending plan to
$103 billion to help meet rising electricity demand from data centers.
$DUK