Duke Energy (NYSE: DUK) pushes joint credit facility termination to 2031
Rhea-AI Filing Summary
Duke Energy Corporation and several utility subsidiaries entered into Amendment No. 3 and Consent to their existing Amended and Restated Credit Agreement originally dated March 18, 2022. The change extends the termination date of the shared credit facility from March 16, 2030 to March 16, 2031.
The facility involves Duke Energy Corporation, Duke Energy Carolinas, Duke Energy Florida, Duke Energy Indiana, Duke Energy Kentucky, Duke Energy Ohio, Duke Energy Progress and Piedmont Natural Gas Company as borrowers, with Wells Fargo Bank, National Association serving as administrative agent and swingline lender.
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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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Name of Registrant as Specified in its Charter, State or other Jurisdiction |
IRS Employer Identification No. |
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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 | |||
| Duke Energy | |||
| Duke Energy | 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 | |||
| Duke Energy | |||
| Duke Energy |
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 1.01. | Entry into a Material Definitive Agreement. |
On March 16, 2026, Duke Energy Corporation (the “Corporation”), Duke Energy Carolinas, LLC, Duke Energy Florida, LLC, Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., Duke Energy Progress, LLC, and Piedmont Natural Gas Company, Inc., entered into an Amendment No. 3 and Consent (the “Amendment”) to amend the existing Amended and Restated Credit Agreement dated as of March 18, 2022, among the Corporation and each of such subsidiaries, as Borrowers, the lenders listed therein, and Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender. The Amendment, among other changes, extends the termination date of the credit facility from March 16, 2030 to March 16, 2031.
A copy of the Amendment is filed as Exhibit 10.1 hereto and is incorporated by reference herein. The foregoing description of the Amendment in this Item 1.01 is qualified in its entirety by reference to the full text of the Amendment.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 10.1 | Amendment No. 3 and Consent, dated as of March 16, 2026, by and among Duke Energy Corporation, Duke Energy Carolinas, LLC, Duke Energy Ohio, Inc., Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Progress, LLC, Duke Energy Florida, LLC and Piedmont Natural Gas Company, Inc., the Lenders party thereto, the Issuing Lenders party thereto, and Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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 | ||
| Date: March 16, 2026 | DUKE ENERGY OHIO, INC. | |
| PIEDMONT NATURAL GAS COMPANY, INC. | ||
| By: | /s/ Elizabeth H. Jones | |
| Elizabeth H. Jones | ||
| Assistant Corporate Secretary | ||
| DUKE ENERGY CAROLINAS, LLC | ||
| DUKE ENERGY PROGRESS, LLC | ||
| DUKE ENERGY FLORIDA, LLC | ||
| DUKE ENERGY INDIANA, LLC | ||
| By: | /s/ Elizabeth H. Jones | |
| Elizabeth H. Jones | ||
| Assistant Secretary | ||
FAQ
What did Duke Energy (DUK) change in its credit agreement?
Which Duke Energy entities are parties to the amended credit facility?
Who is the administrative agent on Duke Energy’s amended credit facility?
When does Duke Energy’s amended credit facility now terminate?
What is the original date of Duke Energy’s Amended and Restated Credit Agreement?
Filing Exhibits & Attachments
5 documents