Duke Energy Progress closes $700 mn debt offering

Duke Energy Renewables

Duke Energy Progress has closed a $700 million debt offering that will be used to repay outstanding borrowings under Duke Energy Progress’s term loan facility expiring in Dec. 2020.

Duke Energy Progress priced the bonds on Aug. 17 and closed the transaction on Aug. 20.

The joint bookrunners included Citigroup Global Markets, Academy Securities, C.L. King & Associates, Great Pacific Securities, Loop Capital Markets, Mischler Financial Group, Samuel A. Ramirez & Company, and Siebert Williams Shank & Co.