PPL's (PPL) capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement.
The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.
The company said it intends to use net proceeds from the offering to pay down short-term debt and for general corporate purposes.
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