PPL Corporation
PPL Corporation Announces Proposed Private Placement of $1 Billion of Exchangeable Senior Notes
Summary
On November 19, 2025, PPL Corporation announced the launch of a private placement of $1.0 billion principal amount of Exchangeable Senior Notes due 2030 issued by PPL Capital Funding, Inc., a wholly-owned subsidiary, and fully and unconditionally guaranteed by PPL Corporation. The notes will accrue interest payable semi-annually in arrears and mature on December 1, 2030. PPL Capital Funding may not redeem the notes prior to December 5, 2028, and will offer them only to qualified institutional buyers under Rule 144A of the Securities Act. The net proceeds from the offering will be used to repay short-term debt and for general corporate purposes.
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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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