---
schema_version: "secwatch.filing_event.v1"
accession: "0000922224-23-000012"
form_type: "8-K"
ticker: "PPL"
cik: "0000922224"
company_name: "PPL Corp"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:39:47.385711+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PPL Capital Funding launches $900M private placement of Exchangeable Senior Notes due 2028

## Summary
- $900M principal amount of Exchangeable Senior Notes due March 15, 2028, with option for additional $100M.
- Notes are senior unsecured obligations of PPL Capital Funding, fully guaranteed by PPL Corporation.
- Exchangeable for cash and/or PPL common stock at PPL Capital Funding's election; interest payable semi-annually.
- Net proceeds to repay short-term debt and for general corporate purposes.
- Offered to qualified institutional buyers under Rule 144A; not registered under Securities Act.

## SEC filing metadata
- accession: 0000922224-23-000012
- form_type: 8-K
- ticker: PPL
- cik: 0000922224
- company_name: PPL Corp
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/922224/000092222423000012/0000922224-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/922224/000092222423000012/ppl-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000922224-23-000012
- JSON: https://secwatch.observer/filing/0000922224-23-000012.json
- Plain text: https://secwatch.observer/filing/0000922224-23-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.