---
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"
generated_at: "2026-05-18T20:40:27.723431+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000922224-26-000034
- JSON: https://secwatch.observer/filing/0000922224-26-000034.json
- Plain text: https://secwatch.observer/filing/0000922224-26-000034.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $400 million
  - Counterparty: Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc.
  - Rate: 6.000%
  - Maturity: May 15, 2056
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm
- Material Agreements
  PPL Corp entered into Seventh Supplemental Indenture with The Bank of New York Mellon valued at $400 million (effective 2026-05-18).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: The Bank of New York Mellon
  - Value: $400 million
  - Effective: 2026-05-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and Scotia Capital (USA) Inc., as representatives of the several initial purchasers
  - Value: $400 million
  - Effective: 2026-05-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/922224/000092222426000034/0000922224-26-000034-index.htm

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