Duke Energy (DUK) said Tuesday it priced a private placement of $1.3 billion of 3% convertible senior notes due March 15, 2029, upsized from a previously planned $1 billion,
Initial purchasers have an option to buy up to an additional $200 million of the notes.
The company expects the offering to close Thursday and expects to use the net proceeds of about $1.29 billion to repay certain convertible senior notes due April 15, among other things.
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