secwatch.observer — SEC 8-K summary
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Issuer:     PPL Corp (PPL)
CIK:        0000922224
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0000922224-24-000010
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/0000922224-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/922224/000092222424000010/ppl-20240321.htm
  HTML page:      https://secwatch.observer/filing/0000922224-24-000010

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