---
schema_version: "secwatch.filing_event.v1"
accession: "0000922224-23-000014"
form_type: "8-K"
ticker: "PPL"
cik: "0000922224"
company_name: "PPL Corp"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T06:10:11.678057+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000922224-23-000014
- form_type: 8-K
- ticker: PPL
- cik: 0000922224
- company_name: PPL Corp
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/922224/000092222423000014/0000922224-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/922224/000092222423000014/ppl-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000922224-23-000014
- JSON: https://secwatch.observer/filing/0000922224-23-000014.json
- Plain text: https://secwatch.observer/filing/0000922224-23-000014.txt

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