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PPL's subsidiary Louisville Gas and Electric Company (LG&E) entered into an underwriting agreement with BofA Securities and other underwriter representatives on August 4, 2025 for the sale of $700 million of 5.850% First Mortgage Bonds due 2055, the company said.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary

  1. PPL's subsidiary Louisville Gas and Electric Company (LG&E) entered into an underwriting agreement with BofA Securities and other underwriter representatives on August 4, 2025 for the sale of $700 million of 5.850% First Mortgage Bonds due 2055, the company said.

  2. The company also said its subsidiary Kentucky Utilities Company (KU) entered into an underwriting agreement with BofA Securities and other underwriter representatives on August 4, 2025 for the sale of $700 million of 5.850% First Mortgage Bonds due 2055.

  3. PPL said LG&E expects to issue the bonds on or about August 13, 2025, and that they are due August 15, 2055. The company said LG&E plans to use the net proceeds of $300 million of 3.300% Series First Mortgage Bonds due October 1, 2025 to repay short-term debt and for other general corporate purposes.

  4. The company said KU expects to issue the bonds on or about August 13, 2025, and that they are due August 15, 2055. It said KU plans to use the net proceeds of $250 million of 3.300% Series First Mortgage Bonds due October 1, 2025 to repay short-term debt and for other general corporate purposes.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

LG&E, $700 million 5.850% First Mortgage Bonds Underwriting Agreement

PPL's subsidiary Louisville Gas and Electric Company (LG&E) entered into an underwriting agreement with BofA Securities and other underwriter representatives on August 4, 2025 for the sale of $700 million of 5.850% First Mortgage Bonds due 2055, the company said.

Source · Based on the filing body and exhibits

KU, $700 million 5.850% First Mortgage Bonds Underwriting Agreement

The company also said its subsidiary Kentucky Utilities Company (KU) entered into an underwriting agreement with BofA Securities and other underwriter representatives on August 4, 2025 for the sale of $700 million of 5.850% First Mortgage Bonds due 2055.

Source · Based on the filing body and exhibits

LG&E Bond Issuance Timing, Maturity and Use of Proceeds

PPL said LG&E expects to issue the bonds on or about August 13, 2025, and that they are due August 15, 2055. The company said LG&E plans to use the net proceeds of $300 million of 3.300% Series First Mortgage Bonds due October 1, 2025 to repay short-term debt and for other general corporate purposes.

Source · Based on the filing body and exhibits

KU Bond Issuance Timing, Maturity and Use of Proceeds

The company said KU expects to issue the bonds on or about August 13, 2025, and that they are due August 15, 2055. It said KU plans to use the net proceeds of $250 million of 3.300% Series First Mortgage Bonds due October 1, 2025 to repay short-term debt and for other general corporate purposes.

Source · Based on the filing body and exhibits

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.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.