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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.