Duke Energy Corporation’s $600 Million Notes Offering


Hunton Andrews Kurth LLP advised Duke Energy Corporation on the transaction

Duke Energy Corporation executed its SEC-registered offering of (i) $300 million aggregate principal amount of its Floating Rate Senior Notes due 2022 and (ii) $3000 million aggregate principal amount of its 3.227% Senior Notes due 2022.

Duke Energy, together with its subsidiaries, is a diversified energy company headquartered in Charlotte, North Carolina with both regulated and unregulated utility operations. Duke Energy conducts its business through three operating business segments. Duke Energy’s electric utilities and infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.7 million customers within the Southeast and Midwest regions of the United States. Duke Energy’s gas utilities and infrastructure segment serves over 1.6 million customers, including more than 1.1 million customers located in North Carolina, South Carolina and Tennessee and an additional 531,000 customers located within southwestern Ohio and northern Kentucky. Duke Energy’s commercial renewables segment primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States, with utility-scale wind and solar generation assets totaling 2,991 megawatts across 19 states from 21 wind farms and 100 solar farms and one battery storage facility.

The Hunton team included Pete O’Brien (Picure), Christina Kwon and Brendan P. Harney. Robert J. McNamara provided tax advice.

Involved fees earner: Brendan Harney – Hunton Andrew Kurth; Christina Kwon – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Peter O’Brien – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Duke Energy;