Duke Energy Florida plans to price first mortgage bonds due 2030

By Rebecca Melvin

New York, June 8 – Duke Energy Florida, LLC plans to price an offering of first mortgage bonds due 2030, according to a 424B5 filing with the Securities and Exchange Commission.

The bonds have a make-whole call until March 15, 2030, then a par call.

Barclays, BNP Paribas Securities Corp. and MUFG are the bookrunners.

The proceeds will be used to pay down a portion of the company’s intercompany short-term debt under its money-pool borrowing arrangement with Duke Energy Corp. and for general company purposes, including funding capital expenditures and for ongoing construction and capital maintenance.

The public utility is based in St. Petersburg, Fla., and is a subsidiary of Duke Energy Corp.

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