Duke Energy Corp. has taken advantage of historically low interest rates to secure a $1.5 billion, 364-day loan in a move the company says it’s making to pay off commercial paper that currently caries a higher rate.
The company has also borrowed the remaining $500 million from an existing $1 billion revolving credit facility established last May.
“The combined $2.0 billion of borrowings under these two facilities … will be used to reduce outstanding commercial paper and to fund general corporate…
