Deals 08/09/2021

Loop Capital Markets acts as co-manager on $1.10 billion senior secured First Mortgage Bond (FMB) offering for Duke Energy Progress LLC

On August 9, 2021, Loop Capital Markets acted as a co-manager on a two-tranche $­1.10 billion senior secured (FMB) offering for Duke Energy Progress LLC. The bonds are rated Aa3/A across 10- and 30-year tranches.

Use of proceeds are earmarked for cost savings transactions by redemption or repurchase of outstanding securities, to finance the company’s ongoing construction program, and for general corporate purposes.