secwatch / observer
8-K filed February 26, 2026, 6:59 PM ET ticker PPL CIK 0000922224
debt confidence high sentiment neutral materiality 0.65

PPL issues $1.15B of 7% corporate units with mandatory stock purchase in 2029

PPL Corp

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PPL Corp entered into Purchase Contract and Pledge Agreement dated February 26, 2026 with The Bank of New York Mellon valued at Stock purchase contracts and pledge of RSNs as collateral for Common Stock purchase obligations (effective 2026-02-26).

Action
entry
Agreement
equity purchase
Counterparty
The Bank of New York Mellon
Value
Stock purchase contracts and pledge of RSNs as collateral for Common Stock purchase obligations
Effective
2026-02-26
Exact text from the filing
The stock purchase contracts were issued pursuant to a Purchase Contract and Pledge Agreement dated as of February 26, 2026 (the "Purchase Contract and Pledge Agreement"), among the Company and The Bank of New York Mellon, as purchase contract agent, collateral agent, custodial agent and securities intermediary.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PPL Corp entered into Supplemental Indenture No. 20 (2039 RSNs) dated February 26, 2026 with The Bank of New York Mellon valued at Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2039 (effective 2026-02-26).

Action
entry
Agreement
credit facility
Counterparty
The Bank of New York Mellon
Value
Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2039
Effective
2026-02-26
Exact text from the filing
including by Supplemental Indenture No. 19, establishing the terms of the 2034 RSNs and by Supplemental Indenture No. 20, establishing the terms of the 2039 RSNs, each dated as of February 26, 2026.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PPL Corp entered into Supplemental Indenture No. 19 (2034 RSNs) dated February 26, 2026 with The Bank of New York Mellon valued at Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2034 (effective 2026-02-26).

Action
entry
Agreement
credit facility
Counterparty
The Bank of New York Mellon
Value
Establishes terms of $1,000 principal amount 4.02% Remarketable Senior Notes due 2034
Effective
2026-02-26
Exact text from the filing
including by Supplemental Indenture No. 19, establishing the terms of the 2034 RSNs and by Supplemental Indenture No. 20, establishing the terms of the 2039 RSNs, each dated as of February 26, 2026.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

PPL Corp entered into Underwriting Agreement dated February 23, 2026 with J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC valued at Issuance and sale of up to 23,000,000 Corporate Units at $50 each (effective 2026-02-23).

Action
entry
Agreement
underwriting
Counterparty
J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC
Value
Issuance and sale of up to 23,000,000 Corporate Units at $50 each
Effective
2026-02-23
Exact text from the filing
On February 23, 2026, PPL Corporation (the "Company") and PPL Capital Funding, Inc. ("PPL Capital Funding") entered into an underwriting agreement (the "Underwriting Agreement") with the underwriters named in Section 3 thereto (the "Underwriters"), for whom J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are acting as representatives, covering the issuance and sale of 20,000,000 equity units, initially in the form of corporate units (the "Corporate Units").
View on SEC.gov

327 material agreements filed in the last 30 days. Browse all material agreements →

PPL Corp filing history →

Source: SEC EDGAR
accession 0000922224-26-000010
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