PPL Capital Funding Announces $1B Notes Placement
Slice of Energy Team
11/21/2025
Key highlights
- $1 billion in senior, unsecured exchangeable notes due 2030
- Notes fully guaranteed by PPL Corporation (NYSE: PPL)
- Optional $150 million additional notes available to initial buyers
- Proceeds to repay short-term debt and fund general corporate purposes
- Notes exchangeable into cash, stock, or both, at PPL's discretion
Source: PR Newswire
No quotes were given.
Our take
This $1 billion notes offering strengthens PPL Capital Funding’s financial positioning while providing investors with a flexible debt instrument backed by one of the U.S.'s leading utility companies. The issuance reflects confidence in market conditions and demonstrates PPL’s strategic capital management to support operational resilience and long-term growth.
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