PPL Corporation
PPL Capital Funding Announces Issuance of $750 Million Senior Notes
Summary
On August 6, 2024, PPL Capital Funding, Inc. and PPL Corporation entered into an Underwriting Agreement with several underwriters for the offering and sale of $750,000,000 of 5.250% Senior Notes due 2034. The Notes, guaranteed by PPL, were issued on August 9, 2024, under an indenture dated November 1, 1997, and a supplemental indenture dated August 9, 2024. PPL Capital Funding and PPL intend to use the net proceeds from the sale of the Notes for general corporate purposes, including the repayment of short-term debt obligations. The Notes were offered and sold under PPL's and PPL Capital Funding's joint Registration Statement on Form S-3.
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About PPL Corporation
PPL Corporation is a prominent utility holding company with a primary focus on delivering electricity and natural gas services to a wide range of customers. Headquartered in Allentown, Pennsylvania, PPL Corporation operates through several subsidiaries, providing electricity to millions of residential, commercial, and industrial customers in the United States. The corporation's extensive network includes power generation facilities as well as transmission and distribution systems. PPL is actively involved in the energy sector, influencing both regional and national markets. It strives to maintain reliability and sustainability in its energy supply, with an increasing emphasis on incorporating renewable energy sources and improving grid resilience. The company's operations contribute significantly to the utility industry, impacting economic growth and energy security. Moreover, PPL Corporation plays a vital role in the energy market by investing in innovative technologies and infrastructure development aimed at enhancing energy efficiency and performance. Through strategic planning and a commitment to customer satisfaction, PPL Corporations continues to be a leading participant in the ever-evolving utilities landscape.
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