---
schema_version: "secwatch.filing_event.v1"
accession: "0000922224-24-000010"
form_type: "8-K"
ticker: "PPL"
cik: "0000922224"
company_name: "PPL Corp"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:54:01.769168+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# PPL subsidiary issues $500M 5.350% Senior Notes due 2034 for debt repayment

## Summary
- The Narragansett Electric Company (Rhode Island Energy) issued $500M aggregate principal of 5.350% Senior Notes due 2034.
- Net proceeds of $496.4M after discounts; used to repay short-term debt and for general corporate purposes.
- Notes are unsecured, rank pari passu with existing unsecured debt; not guaranteed by PPL Corporation.
- Interest payable semiannually on May 1 and November 1; maturity May 1, 2034, with optional redemption.
- Offering conducted via private placement under Rule 144A and Regulation S.

## SEC filing metadata
- accession: 0000922224-24-000010
- form_type: 8-K
- ticker: PPL
- cik: 0000922224
- company_name: PPL Corp
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/0000922224-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/ppl-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000922224-24-000010
- JSON: https://secwatch.observer/filing/0000922224-24-000010.json
- Plain text: https://secwatch.observer/filing/0000922224-24-000010.txt

## Key facts
- Debt Financings
  PPL Corp incurred senior notes of $500 million aggregate principal amount of 5.350% Senior Notes due 2034 at 5.350% per year maturing May 1, 2034.
  - Instrument: senior notes
  - Principal: $500 million aggregate principal amount of 5.350% Senior Notes due 2034
  - Rate: 5.350% per year
  - Maturity: May 1, 2034
  - Event: incurrence
  source text: On March 25, 2024, The Narragansett Electric Company (d/b/a Rhode Island Energy) (the "Issuer"), a wholly owned subsidiary of PPL Corporation, issued $500 million aggregate principal amount of 5.350% Senior Notes due 2034 (the "Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/0000922224-24-000010-index.htm
- Material Agreements
  PPL Corp entered into Sixth Supplemental Indenture with The Bank of New York Mellon valued at Supplemental indenture governing the Notes, dated March 25, 2024, between the Issuer and The Bank of (effective 2024-03-25).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon
  - Value: Supplemental indenture governing the Notes, dated March 25, 2024, between the Issuer and The Bank of
  - Effective: 2024-03-25
  source text: as further supplemented by a sixth supplemental indenture dated March 25, 2024 between the Issuer and The Bank of New York Mellon, as securities registrar, trustee and paying agent (the "Sixth Supplemental Indenture"
  evidence_url: https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/0000922224-24-000010-index.htm
- Material Agreements
  PPL Corp entered into Purchase Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC valued at Issued $500 million aggregate principal amount of 5.350% Senior Notes due 2034; net proceeds of $496 (effective 2024-03-21).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC and RBC Capital Markets, LLC
  - Value: Issued $500 million aggregate principal amount of 5.350% Senior Notes due 2034; net proceeds of $496
  - Effective: 2024-03-21
  source text: On March 25, 2024, The Narragansett Electric Company (d/b/a Rhode Island Energy) (the "Issuer"), a wholly owned subsidiary of PPL Corporation, issued $500 million aggregate principal amount of 5.350% Senior Notes due 2034 (the "Notes").
  evidence_url: https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/0000922224-24-000010-index.htm

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