PPL sub issues $400M 6.000% Sr Notes due 2056; net proceeds $396.3M to repay short-term debt

PPL Corp

Narragansett Electric Co. (Rhode Island Energy) issued $400M principal of 6.000% Senior Notes maturing May 15, 2056.
Net proceeds of $396.3M after discounts and commissions will repay short-term debt incurred for capital expenditures and general corporate purposes.
Notes are senior unsecured obligations of the issuer and are not guaranteed by PPL Corporation or its other subsidiaries.
Interest payable semiannually on May 15 and November 15, beginning November 15, 2026; redeemable at issuer's option.

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