PPL said its subsidiary, PPL Electric Utilities Corporation, entered into an underwriting agreement with the underwriters, represented by August 6, 2025, to sell $500,000,000 of First Mortgage Bonds, 5.55% Series due 2055.

1. 01

   PPL said its subsidiary, PPL Electric Utilities Corporation, entered into an underwriting agreement with the underwriters, represented by August 6, 2025, to sell $500,000,000 of First Mortgage Bonds, 5.55% Series due 2055.

2. 02

   The company said the bonds were issued on August 11, 2025, mature on August 15, 2055, and are subject to early redemption.

3. 03

   The company said the bonds were issued under the 2001 Indenture and Supplemental Indenture No. 26 dated August 1, 2025, and are secured by a lien on most of PPL Electric's distribution assets and certain of its transmission assets.

4. 04

   The company said PPL Electric will use the net proceeds from the bond sale to repay short-term debt and for general corporate purposes.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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