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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 18, 2022

 

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))

 

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.

 

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

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On March 18, 2022, 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, and Piedmont Natural Gas Company, Inc, entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”), among the Corporation and each of such subsidiaries, as Borrowers, the lenders listed therein, Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender and Wells Fargo Securities, LLC, as Joint Lead Arranger, Joint Bookrunner and Sustainability Structuring Agent in the amount of $9,000,000,000. The Amended and Restated Credit Agreement amends and restates the $8,000,000,000 Credit Agreement, originally dated as of November 18, 2011 and as amended on December 18, 2013, January 30, 2015, March 16, 2017, March 18, 2019 and March 16, 2022. The credit facility was originally described and filed in the Corporation’s Form 8-K dated November 25, 2011. The Amended and Restated Credit Agreement was entered into primarily to (i) increase the amount of the credit facility from $8,000,000,000 to $9,000,000,000 and (ii) extend the termination date of the credit facility from March 16, 2025 to March 18, 2027. As of March 18, 2022, the Corporation had approximately $6.35 billion available for borrowing under the credit facility, after accounting for outstanding commercial paper, letters of credit and other credit support provided by this facility.

 

The disclosure in this Item 1.01 is qualified in its entirety by the provisions of the amendment to the Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

  

(d)   Exhibits.
     
10.1   Amended and Restated Credit Agreement, dated as of March 18, 2022, 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, Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender and Wells Fargo Securities, LLC, as Joint Lead Arranger, Joint Bookrunner and Sustainability Structuring Agent.
104   Cover Page Interactive Data file (the Cover Page Interactive Data file is 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

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:  March 18, 2022    
     
  By: /s/ Robert T. Lucas III
    Name:   Robert T. Lucas III
    Title:   Assistant Corporate Secretary

 

 

 

Duke Energy Carolinas, LLC  
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK
   
Duke Energy Progress, LLC
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK
   
Duke Energy Florida, LLC  
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK
   
Duke Energy Ohio, Inc  
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK
   
Duke Energy Indiana, LLC  
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK
   
PIEDMONT NATURAL GAS COMPANY, INC.  
Document Type
Amendment Flag
Document Period End Date
Written Communication
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issue Tender Offer
Entity Emerging Growth Company
CIK