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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 14, 2025

 

Commission file number

Exact Name of Registrant as Specified in its Charter, State or other Jurisdiction
of Incorporation, Address of Principal Executive Offices, Zip Code,
and Registrant's Telephone Number, Including Area Code

IRS Employer
Identification No.
   
1-32853

DUKE ENERGY CORPORATION

(a Delaware corporation)

525 South Tryon Street

Charlotte, North Carolina 28202

800-488-3853

 

20-2777218

1-4928

DUKE ENERGY CAROLINAS, LLC

(a North Carolina limited liability company)

525 South Tryon Street

Charlotte, North Carolina 28202

800-488-3853

 

56-0205520

1-3382

DUKE ENERGY PROGRESS, LLC

(a North Carolina limited liability company)

411 Fayetteville Street

Raleigh, North Carolina 27601

800-488-3853

 

56-0165465
1-3274 DUKE ENERGY FLORIDA, LLC

(a Florida limited liability company)

299 First Avenue North

St. Petersburg, Florida 33701

800-488-3853

 

59-0247770
1-1232 DUKE ENERGY OHIO, INC.

(an Ohio corporation)

139 East Fourth Street

Cincinnati, Ohio 45202

800-488-3853

 

31-0240030
1-3543 DUKE ENERGY INDIANA, LLC

(an Indiana limited liability company)

1000 East Main Street

PlainfieldIndiana 46168

800-488-3853

 

35-0594457
1-6196 PIEDMONT NATURAL GAS COMPANY, INC.

(a North Carolina corporation)

525 South Tryon Street

Charlotte, North Carolina 28202

800-488-3853

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))

 

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 Common Stock, $0.001 par value DUK New York Stock Exchange LLC
Duke Energy 5.625% Junior Subordinated Debentures due September 15, 2078 DUKB New York Stock Exchange LLC
Duke Energy 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
Duke Energy 3.10% Senior Notes due 2028 DUK 28A New York Stock Exchange LLC
Duke Energy 3.85% Senior Notes due 2034 DUK34 New York Stock Exchange LLC

 

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 14, 2025, 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. 2 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 existing Amended and Restated Credit Agreement was described in the Corporation’s Current Report on Form 8-K filed on March 21, 2022. The Amendment was entered into primarily to (i) increase the amount of the credit facility from $9,000,000,000 to $10,000,000,000 and (ii) extend the termination date of the credit facility from March 16, 2029 to March 16, 2030.

 

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

 

Item 9.01.   Financial Statements and Exhibits.

 

(d)Exhibits.
  
10.1Amendment No. 2 and Consent, dated as of March 14, 2025, 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.

 

104Cover 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 17, 2025 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

 

 

 

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