{"schema_version":"secwatch.filing_event.v1","accession":"0000922224-25-000057","form_type":"8-K","ticker":"PPL","cik":"0000922224","company_name":"PPL Corp","filed_at":"2025-11-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.619667+00:00","generated_at":"2026-05-16T17:30:24.323411+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PPL subsidiary issues $1.15B of 3.000% Exchangeable Senior Notes due 2030","bullets":["$1.15B aggregate principal, 3.000% interest, semiannual, matures Dec 1, 2030; includes $150M from full greenshoe.","Initial exchange rate 23.4412 shares/$1,000 principal (~$42.66/share), a 20% premium to $35.55 close on Nov 19, 2025.","Net proceeds ~$1.14B after discounts; used to repay short-term debt and for general corporate purposes.","Notes are senior unsecured obligations of PPL Capital Funding, fully and unconditionally guaranteed by PPL Corporation.","Issued via private placement under Rule 144A to QIBs; shares deliverable upon exchange exempt from registration under Section 3(a)(9)."],"urls":{"canonical":"https://secwatch.observer/filing/0000922224-25-000057","json":"https://secwatch.observer/filing/0000922224-25-000057.json","markdown":"https://secwatch.observer/filing/0000922224-25-000057.md","text":"https://secwatch.observer/filing/0000922224-25-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/922224/000092222425000057/0000922224-25-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/922224/000092222425000057/ppl-20251119.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:30:24.323411+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2aba1a67229aae289c6a326107f551bb35aba0d8","claim":"PPL Corp incurred convertible notes of $1.15 billion aggregate principal amount with Wells Fargo Securities, LLC and Barclays Capital Inc., as representatives of the several initial purchasers at 3.000% per year maturing December 1, 2030.","evidence_excerpt":"On November 24, 2025, PPL Capital Funding, Inc., a wholly owned subsidiary of PPL Corporation (the \"Issuer\"), issued $1.15 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030 (the \"Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/922224/000092222425000057/0000922224-25-000057-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1.15 billion aggregate principal amount"},{"label":"Counterparty","value":"Wells Fargo Securities, LLC and Barclays Capital Inc., as representatives of the several initial purchasers"},{"label":"Rate","value":"3.000% per year"},{"label":"Maturity","value":"December 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}