DUKE ENERGY PROGRESS, LLC. 8-K filed 2026-09-11

Duke Energy Progress, LLC. filed this 8-K on 2026-09-11 to report that on September 11, 2026 it completed the issuance and sale of $700,000,000 aggregate principal amount of First Mortgage Bonds, 5.55% Series due 2036 and $300,000,000 aggregate principal amount of First Mortgage Bonds, 6.15% Series due 2056. The bonds were sold under an underwriting agreement dated September 8, 2026 with 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., acting as representatives of the underwriters. The filing states the bonds were sold to the underwriters at discounts to their principal amounts, but the size of those discounts is not in the filing. These are secured bonds issued under the company's Mortgage and Deed of Trust dated as of May 1, 1940, with The Bank of New York Mellon as Corporate Trustee and Barbara Zsombori as Individual Trustee. The new series are created by the Ninety-seventh Supplemental Indenture, dated as of September 1, 2026, which designates them the One Hundred-eighteenth Series and One Hundred-nineteenth Series. The company also filed a legal opinion on the validity of the bonds so it can be incorporated into its existing shelf Registration Statement on Form S-3. For an analyst or journalist, the filing records new long-term secured borrowing by the company, which the SEC classifies under Electric & Other Services Combined and lists as a Large accelerated filer incorporated in NC. The excerpt does not state the use of proceeds, the net proceeds, the public offering price, redemption terms, or credit ratings; those are not in the filing excerpt. The full supplemental indenture, the underwriting agreement and the legal opinion are attached as exhibits and can be read at the source link.