---
schema_version: "secwatch.filing_event.v1"
accession: "0000922224-25-000055"
form_type: "8-K"
ticker: "PPL"
cik: "0000922224"
company_name: "PPL Corp"
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:20:09.459530+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000922224-25-000055
- form_type: 8-K
- ticker: PPL
- cik: 0000922224
- company_name: PPL Corp
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/922224/000092222425000055/0000922224-25-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/922224/000092222425000055/ppl-20251119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000922224-25-000055
- JSON: https://secwatch.observer/filing/0000922224-25-000055.json
- Plain text: https://secwatch.observer/filing/0000922224-25-000055.txt

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