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Duke Energy Florida (DUK)

Filed: 17 Mar 20, 5:26pm

 

 

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 16, 2020

 

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 

550 South Tryon 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))

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

Title of each classTrading
Symbol(s)
Name of each exchange on which registered
Common stock, $0.001 par valueDUKNew York Stock Exchange LLC
5.125% Junior Subordinated Debentures due January 15, 2073DUKHNew York Stock Exchange LLC
5.625% Junior Subordinated Debentures due September 15, 2078DUKBNew York Stock Exchange LLC
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 shareDUK PR ANew 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 16, 2020, Duke Energy Corporation (the “Corporation”) and its wholly-owned 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 amendment to 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, and March 18, 2019, 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 credit facility was originally described and filed in the Corporation’s Form 8-K dated November 25, 2011.  This amendment was entered into primarily to extend the termination date of the facility from March 16, 2024 to March 16, 2025. As of March 17, 2020, the Corporation had approximately $3.9 billion available for borrowing under the Credit Agreement, 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 Amendment No. 5 and Consent, dated as of March 16, 2020, 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
   
104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.

 

2

 

 

EXHIBIT INDEX

 

Exhibit Description
   
10.1 Amendment No. 5 and Consent, dated as of March 16, 2020, 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

 

3

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and 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 17, 2020By:/s/ Robert T. Lucas III
 Name:Robert T. Lucas III
 Title:Assistant Secretary

 

4

 

Duke Energy Carolinas, LLC 
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000030371
  
Duke Energy Progress, LLC
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000017797
  
Duke Energy Florida, LLC 
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000037637
  
Duke Energy Ohio, Inc 
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000020290
  
Duke Energy Indiana, LLC 
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000081020
  
PIEDMONT NATURAL GAS COMPANY, INC. 
Document Type8-K
Amendment Flagfalse
Document Period End DateMarch 16, 2020
Written Communicationfalse
Soliciting Materialfalse
Pre-commencement Tender Offerfalse
Pre-commencement Issue Tender Offerfalse
Entity Emerging Growth Companyfalse
CIK0000078460