PPL said its subsidiary PPL Electric Utilities Corporation entered into an underwriting agreement on May 12, 2026 and sold $500,000,000 of First Mortgage Bonds, 5.75% Series due 2056.

1. 01

   PPL said its subsidiary PPL Electric Utilities Corporation entered into an underwriting agreement on May 12, 2026 and sold $500,000,000 of First Mortgage Bonds, 5.75% Series due 2056.

2. 02

   The company said PPL Electric entered into the underwriting agreement with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as representatives of the underwriters, and the Bonds were issued on May 15, 2026.

3. 03

   PPL said the Bonds are secured by the lien of the Indenture, which creates a lien on substantially all of PPL Electric's distribution properties and certain of its transmission properties, the Bonds are due May 15, 2056 and are subject to early redemption.

4. 04

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

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