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PPL Corporation's Subsidiaries Issue $1.4 Billion in First Mortgage Bonds to Secure Long-Term Financing

Reuters
08/14
PPL Corporation's Subsidiaries Issue $1.4 Billion in First Mortgage Bonds to Secure Long-Term Financing

On August 13, 2025, Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), both subsidiaries of PPL Corporation, successfully issued $700 million in aggregate principal amount of 5.850% First Mortgage Bonds, each due in 2055. The bonds, issued under respective indentures with The Bank of New York Mellon as trustee, are secured by liens on substantial properties in Kentucky. LG&E plans to utilize the proceeds to repay existing bonds and short-term debts, as well as for general corporate purposes. This strategic financial move aims to strengthen PPL Corporation's subsidiaries' financial standing and operational capabilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PPL Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-179920), on August 13, 2025, and is solely responsible for the information contained therein.

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