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PPL Capital Funding, Inc. announces pricing of $1 billion of 3.000% Exchangeable Senior Notes

  • PPL Capital Funding, Inc. announced the pricing of $1 billion aggregate principal amount of its 3.000% Exchangeable Senior Notes due 2030 in a private placement to qualified institutional buyers.
  • The sale of the notes is expected to settle on November 24, 2025, resulting in approximately $988.8 million in net proceeds after discounts.
  • The notes will bear interest at a rate of 3.000% per year, with payments starting on June 1, 2026, and maturing on December 1, 2030.
  • PPL Capital Funding intends to use the net proceeds to repay short-term debt and for general corporate purposes.
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PR Newswire broke the news in United States on Thursday, November 20, 2025.
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