PPL Capital Funding prices $1B of 3.000% Exchangeable Senior Notes due 2030

PPL Corp

$1B aggregate principal of 3.000% Exchangeable Senior Notes due Dec 1, 2030; net proceeds ~$988.8M.
Initial exchange rate 23.4412 shares per $1,000 principal (exchange price ~$42.66, 20% premium to $35.55 close).
Proceeds to repay short-term debt and for general corporate purposes; initial purchasers option for additional $150M.
Notes senior unsecured, fully guaranteed by PPL Corp; settlement expected Nov 24, 2025.
PPL to host first global short-form content conference in Seoul on Nov 17.

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