PPL Prices $1 Billion Equity Units Offering with Remarketable Senior Notes

Reuters02-24 10:54

PPL Prices $1 Billion Equity Units Offering with Remarketable Senior Notes

PPL Corporation priced a public offering of 20,000,000 equity units with an aggregate stated amount of $1.0 billion. Each $50 unit initially includes a 1/40 beneficial interest in PPL Capital Funding Inc.’s 4.02% Remarketable Senior Notes due 2034 and a 1/40 beneficial interest in PPL Capital Funding Inc.’s 4.02% Remarketable Senior Notes due 2039, each with a $1,000 principal amount. PPL also granted underwriters an option to purchase up to 3,000,000 additional units ($150 million aggregate stated amount). The offering is expected to close Feb. 26, 2026, and proceeds are expected to be used to repay short-term debt and for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PPL Corporation published the original content used to generate this news brief on February 23, 2026, and is solely responsible for the information contained therein.

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