PPL Electric Utilities Corporation issued $500 million of 5.75% First Mortgage Bonds due 2056 to repay short-term debt and for general corporate purposes.
Key takeaways
PPL Electric issued $500,000,000 First Mortgage Bonds, 5.75% Series due May 15, 2056.
Bonds secured by lien on substantially all distribution properties and certain transmission properties.
Underwriting Agreement dated May 12, 2026 with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC as representatives.
Net proceeds to repay short-term debt and general corporate purposes.
Issued under 2001 Indenture as amended by Supplemental Indenture No. 28 dated May 1, 2026.
Bonds offered under Registration Statement No. 333-277140-03.