PPL Capital Funding prices $900M of 2.875% exchangeable senior notes due 2028

PPL Corp

$900M aggregate principal, 2.875% interest, matures March 15, 2028.
Initial exchange rate 29.3432 shares per $1,000 principal (~$34.08/share, 22.5% premium to $27.82 close).
Net proceeds ~$882M after discount; initial purchasers have option for additional $100M.
Proceeds to repay short-term debt and for general corporate purposes.
Notes are senior unsecured obligations, fully guaranteed by PPL Corporation.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.