PPL Corporation

09/08/2024 | Press release | Distributed by Public on 10/08/2024 03:06

Material Event Form 8 K

Item 8.01 Other Events
On August 6, 2024, PPL Capital Funding, Inc. ("PPL Capital Funding") and PPL Corporation ("PPL") entered into an Underwriting Agreement (the "Underwriting Agreement") with Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the "Underwriters"), relating to the offering and sale by PPL Capital Funding of $750,000,000 of its 5.250% Senior Notes due 2034 (the "Notes"). The Notes are fully and unconditionally guaranteed as to payment of principal, premium, if any, and interest under guarantees (the "Guarantees") of PPL. A copy of the Underwriting Agreement is attached as Exhibit 1(a) to this Current Report on Form 8-K.
The Notes were issued on August 9, 2024, under an indenture (the "Indenture"), dated as of November 1, 1997, among PPL Capital Funding, PPL and The Bank of New York Mellon (as successor to JPMorgan Chase Bank, N. A. (formerly known as The Chase Manhattan Bank)), as trustee, as supplemented by Supplemental Indenture No. 18 thereto (the "Supplemental Indenture"), dated as of August 9, 2024, and an Officers' Certificate of PPL Capital Funding and PPL (the "Officers' Certificate"), dated August 9, 2024, establishing the terms of the Notes. Copies of the Indenture, Supplemental Indenture and Officers' Certificate are attached or incorporated by reference as Exhibits 4(a), 4(b) and 4(c), respectively, to this Current Report. The maturity date of the Notes is September 1, 2034, subject to early redemption at PPL Capital Funding's option. PPL Capital Funding and PPL intend to use the net proceeds from the sale of the Notes for general corporate purposes, including the repayment of short-term debt obligations.
The Notes and the Guarantees were offered and sold under PPL's and PPL Capital Funding's joint Registration Statement on Form S-3 on file with the Securities and Exchange Commission (Registration Nos. 333-277140 and 333-277140-04).
Section 9 - Financial Statements and Exhibits