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PPL Plans $1 Billion Debt Offering

BY MT Newswires | CORPORATE | 11/19/25 07:40 AM EST

07:40 AM EST, 11/19/2025 (MT Newswires) -- PPL's (PPL) capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement.

The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.

The company said it intends to use net proceeds from the offering to pay down short-term debt and for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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