{"schema_version":"secwatch.filing_event.v1","accession":"0000922224-26-000034","form_type":"8-K","ticker":"PPL","cik":"0000922224","company_name":"PPL Corp","filed_at":"2026-05-18T20:37:20+00:00","discovered_at":"2026-05-18T20:38:00.400684+00:00","generated_at":"2026-05-18T20:40:27.723431+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PPL sub issues $400M 6.000% Sr Notes due 2056; net proceeds $396.3M to repay short-term debt","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000922224-26-000034","json":"https://secwatch.observer/filing/0000922224-26-000034.json","markdown":"https://secwatch.observer/filing/0000922224-26-000034.md","text":"https://secwatch.observer/filing/0000922224-26-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/ppl-20260513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T20:40:27.723431+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":"56e789f3b8893432db0fc291f6bcb9f27dac4d8d","claim":"PPL Corp incurred senior notes of $400 million with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc. at 6.000% maturing May 15, 2056.","evidence_excerpt":"On May 18, 2026, The Narragansett Electric Company (d/b/a Rhode Island Energy) (the \"Issuer\"), a wholly owned subsidiary of PPL Corporation, issued $400 million aggregate principal amount of 6.000% Senior Notes due 2056 (the \"Notes\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million"},{"label":"Counterparty","value":"Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc."},{"label":"Rate","value":"6.000%"},{"label":"Maturity","value":"May 15, 2056"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"9e7bfd7b789ce3a72f01e920cf9cd125efbe1ebd","claim":"PPL Corp entered into Seventh Supplemental Indenture with The Bank of New York Mellon valued at $400 million (effective 2026-05-18).","evidence_excerpt":"a seventh supplemental indenture dated May 18, 2026 between the Issuer and The Bank of New York Mellon, as securities registrar, trustee and paying agent (the \"Seventh Supplemental Indenture\"","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"The Bank of New York Mellon"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2026-05-18"}],"fact_type":"material_agreement"},{"claim_id":"c1d3ce1539318c707f62f3ffc9a9a20cc8503d34","claim":"PPL Corp entered into Purchase Agreement with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the several initial purchasers valued at $400 million (effective 2026-05-13).","evidence_excerpt":"the Issuer entered into a purchase agreement dated May 13, 2026 (the \"Purchase Agreement\") with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the several initial purchasers named therein","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the several initial purchasers"},{"label":"Value","value":"$400 million"},{"label":"Effective","value":"2026-05-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}