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PPL Plans $1 Billion Public Offering of Units

BY MT Newswires | CORPORATE | 02/23/26 07:08 AM EST

07:08 AM EST, 02/23/2026 (MT Newswires) -- PPL (PPL) said Monday that it is planning a public offering of 20 million units at $50 each, for a total of $1 billion.

The company said each unit will consist of a contract to purchase a PPL common share and two 1/40 ownership interests in PPL Capital Funding's remarketable senior notes, each with a $1,000 principal amount.

PPL said it expects to grant the underwriters a an option to purchase 3 million additional units and plans to use the proceeds to repay 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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