DUKE ENERGY FLORIDA, LLC (OTCMKTS:FLPWP) Files An 8-K Other Events

DUKE ENERGY FLORIDA, LLC (OTCMKTS:FLPWP) Files An 8-K Other Events

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Item 8.01. Other Events.

On January6, 2017, Duke Energy Florida, LLC (the Company)
consummated the issuance and sale of the securities described
below to an underwriting agreement, dated January3, 2017 (the
Underwriting Agreement), with Merrill Lynch, Pierce, Fenner Smith
Incorporated, Scotia Capital (USA) Inc., TD Securities (USA) LLC,
UBS Securities LLC and Wells Fargo Securities, LLC, as
representatives of the several underwriters named therein (the
Underwriters), to which the Company agreed to issue and sell to
the Underwriters $250,000,000 aggregate principal amount of the
Companys First Mortgage Bonds, 1.85% Seriesdue 2020 and
$650,000,000 aggregate principal amount of the Companys First
Mortgage Bonds, 3.20% Seriesdue 2027 (collectively, the Mortgage
Bonds). The Mortgage Bonds were sold to the Underwriters at
discounts to their principal amounts. The Mortgage Bonds were
issued under the Indenture, dated as of January1, 1944, as
amended and supplemented from time to time, including by the
Fifty-Fourth Supplemental Indenture (the Supplemental Indenture),
dated as of January1, 2017, each between the Company and The Bank
of New York Mellon, as successor Trustee, relating to the
Mortgage Bonds (collectively, the Mortgage). The disclosure in
this Item 8.01 is qualified in its entirety by the provisions of
the Mortgage, the Supplemental Indenture, which is filed as
Exhibit4.1 hereto, and the Underwriting Agreement, which is filed
as Exhibit99.1 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 Exhibit5.1 to this Form8-K
for the purpose of incorporating the opinion into the Companys
Registration Statement No.333-213765-04.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit

Description

Exhibit4.1

Fifty-Fourth Supplemental Indenture, dated as of January1,
2017, between the Company and The Bank of New York Mellon,
as successor Trustee

Exhibit5.1

Opinion regarding validity of the Mortgage Bonds

Exhibit23.1

Consent (included as part of Exhibit5.1)

Exhibit99.1

Underwriting Agreement, dated January3, 2017, among the
Company and Merrill Lynch, Pierce, Fenner Smith
Incorporated, Scotia Capital (USA) Inc., TD Securities
(USA) LLC, UBS Securities LLC and Wells Fargo Securities,
LLC., as representatives of the several underwriters named
therein



About DUKE ENERGY FLORIDA, LLC (OTCMKTS:FLPWP)

Duke Energy Florida, Inc. (Duke Energy Florida) is a regulated public utility. The Company is engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. The Company manages and has a partial ownership interest in Crystal River Unit 3, which has been retired. Duke Energy Florida’s service area covers approximately 20,000 square miles and supplies electric service to approximately 1.7 million residential, commercial and industrial customers. The Company is interconnected with 22 municipal and nine rural electric cooperative systems. The Company is a subsidiary of Duke Energy Corporation, an energy company that operates in the United States and Latin America primarily through its direct and indirect subsidiaries.

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