PPL said it entered into an Underwriting Agreement on August 6, 2024 with Morgan Stanley & Co. LLC and other representatives of the underwriters, under which PPL Capital Funding will issue and sell $750,000,000 of 5.250% Senior Notes due 2034.

1. 01

   PPL said it entered into an Underwriting Agreement on August 6, 2024 with Morgan Stanley & Co. LLC and other representatives of the underwriters, under which PPL Capital Funding will issue and sell $750,000,000 of 5.250% Senior Notes due 2034.

2. 02

   The company said PPL fully and unconditionally guarantees payment of principal, premium, if any, and interest on the Notes. The Notes were issued on August 9, 2024.

3. 03

   The company said the Notes mature on September 1, 2034 and are subject to early redemption at the option of PPL Capital Funding. The Notes were issued under the Indenture dated November 1, 1997 and Supplemental Indenture No. 18 dated August 9, 2024.

4. 04

   PPL Capital Funding and PPL said they plan to use the net proceeds from the sale of the Notes for general corporate purposes, including repayment of short-term debt.

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