PPL Electric Utilities Corporation has entered into a significant financing agreement, involving the issuance and sale of $500 million in First Mortgage Bonds, 5.55% Series due 2055. The agreement, finalized on August 6, 2025, was made with Barclays Capital Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, and RBC Capital Markets, LLC. The proceeds from this bond issuance are earmarked for repaying short-term debt and supporting general corporate purposes. The bonds, secured by a lien on PPL Electric's distribution and certain transmission properties, were issued under PPL Electric's Registration Statement on Form S-3, and are due for redemption by August 15, 2055, with provisions for early redemption.
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: 0000922224-25-000036), on August 11, 2025, and is solely responsible for the information contained therein.