UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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| Item 8.01. | Other Events. |
On January 5, 2024, Duke Energy Carolinas, LLC (the “Company”) consummated the issuance and sale of the securities described below pursuant to an underwriting agreement, dated January 3, 2024 (the “Underwriting Agreement”), with BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to issue and sell to the Underwriters $575,000,000 aggregate principal amount of the Company’s First and Refunding Mortgage Bonds, 4.85% Series due 2034 (the “2034 Mortgage Bonds”) and $425,000,000 aggregate principal amount of the Company’s First and Refunding Mortgage Bonds, 5.40% Series due 2054 (the “2054 Mortgage Bonds,” and together with the 2034 Mortgage Bonds, the “Mortgage Bonds”). The 2034 Mortgage Bonds were sold to the Underwriters at a discount to their principal amount and the 2054 Mortgage Bonds were sold to the Underwriters at a premium to their principal amount. The Mortgage Bonds were issued under the First and Refunding Mortgage, dated as of December 1, 1927, as amended and supplemented from time to time, including by the One-Hundred and Eighth Supplemental Indenture, dated as of June 15, 2023 (the “One-Hundred and Eighth Supplemental Indenture”) and the One-Hundred and Tenth Supplemental Indenture, dated as of January 5, 2024 (the “One-Hundred and Tenth Supplemental Indenture”), each relating to the 2054 Mortgage Bonds, and the One-Hundred and Eleventh Supplemental Indenture, dated as of January 5, 2024, relating to the 2034 Mortgage Bonds (the “One-Hundred and Eleventh Supplemental Indenture”), each between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (as so amended and supplemented, the “Mortgage”). The disclosure in this Item 8.01 is qualified in its entirety by the provisions of the Mortgage, including the One-Hundred and Eighth Supplemental Indenture, the One-Hundred and Tenth Supplemental Indenture and the One-Hundred and Eleventh Supplemental Indenture which together with the forms of global bonds evidencing the Mortgage Bonds, are filed as Exhibit 4.1, Exhibit 4.2 and Exhibit 4.3 hereto, and the Underwriting Agreement, which is filed as Exhibit 99.1 hereto. Such exhibits are incorporated herein by reference. Also, in connection with the issuance and sale of the Mortgage Bonds, the Company is filing a legal opinion regarding the validity of the Mortgage Bonds as Exhibit 5.1 to this Form 8-K for the purpose of incorporating the opinion into the Company’s Registration Statement on Form S-3 (No. 333-267583-02).
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DUKE ENERGY CAROLINAS, LLC | |||
| Date: January 5, 2024 | |||
| By: | /s/ Robert T. Lucas III | ||
| Name: | Robert T. Lucas III | ||
| Title: | Assistant Secretary | ||
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