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.

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

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