Duke Energy Progress, LLC filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 11, 2026, disclosing the consummation of a debt offering. The company issued and sold $700,000,000 in First Mortgage Bonds, 5.55% Series due 2036, and $300,000,000 in First Mortgage Bonds, 6.15% Series due 2056. The total aggregate principal amount of the securities sold was $1,000,000,000.
The bonds were issued under an Original Mortgage and Deed of Trust dated May 1, 1940, with The Bank of New York Mellon (formerly Irving Trust Company) and Barbara Zsombori as trustees. The issuance was governed by a Ninety-seventh Supplemental Indenture dated September 1, 2026.
The offering was executed pursuant to an Underwriting Agreement dated September 8, 2026. BNY Mellon Capital Markets, LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., and U.S. Bancorp Investments, Inc. acted as representatives of the underwriters.
According to the filing, the bonds were sold to the underwriters at a discount to their principal amounts. The company also filed a legal opinion regarding the validity of the bonds and a consent from its independent registered public accounting firm as exhibits to the report.
