DUKE ENERGY OHIO,INC. (NYSE:DUK) Files An 8-K Other Events

ME Staff 8-k
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DUKE ENERGY OHIO,INC. (NYSE:DUK) Files An 8-K Other Events
Item 8.01. Other Events.

On March 22, 2017, Duke Energy Ohio, Inc. (the “Company”) entered into an underwriting agreement, dated March 22, 2017 (the “Underwriting Agreement”), with Citigroup Global Markets Inc. and Loop Capital Markets LLC, as representatives of the several underwriters named therein (the “Underwriters”), to which the Company agreed to issue and sell to the Underwriters $100,000,000 aggregate principal amount of the Company’s First Mortgage Bonds, 3.70% Series, Due June 15, 2046 (the “Bonds”). The Bonds will be issued under the First Mortgage, dated as of August 1, 1936, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, as amended and supplemented from time to time (the “Indenture”), including by the Forty-fifth Supplemental Indenture, dated as of March 27, 2017 (the “Supplemental Indenture”).  The disclosure in this Item 8.01 is qualified in its entirety by the provisions of the Indenture, the Supplemental Indenture, which is filed as Exhibit 4.1 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 Bonds, the Company is filing a legal opinion regarding the validity of the Bonds as Exhibit 5.1 to this Form 8-K for the purpose of incorporating the opinion into the Company’s Registration Statement No. 333-213765-02.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

4.1 Forty-fifth Supplemental Indenture, dated as of March 27, 2017, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, providing for the issuance of the Bonds.

5.1 Opinion regarding validity of the Bonds.

23.1 Consent (included as part of Exhibit 5.1).

99.1 Underwriting Agreement, dated March 22, 2017, among the Company and Citigroup Global Markets Inc. and Loop Capital Markets LLC, as representatives of the several underwriters named therein, in connection with the Company’s issuance and sale of the Bonds.


About DUKE ENERGY OHIO, INC. (NYSE:DUK)

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. As of December 31, 2016, the Electric Utilities and Infrastructure segment provided retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States. The operations include electricity sold wholesale to municipalities, electric cooperative utilities and other load-serving entities. The Gas Utilities and Infrastructure segment serves residential, commercial, industrial and power generation natural gas customers. The Commercial Renewables primarily acquires, builds, develops and operates wind and solar renewable generation throughout the continental United States.

DUKE ENERGY OHIO, INC. (NYSE:DUK) Recent Trading Information

DUKE ENERGY OHIO, INC. (NYSE:DUK) closed its last trading session down -0.52 at 82.47 with 2,078,812 shares trading hands.