other material
confidence high
sentiment neutral
materiality 0.70
PPL enters into $2.0B at-the-market equity distribution agreement
PPL Corp
- Up to $2.0B aggregate sales price of common stock through agents and forward sale agreements.
- Proceeds for general corporate purposes; forward sales provide no immediate proceeds until physical settlement.
- Commissions for forward sellers capped at 2% of gross sales price; agents' commissions standard.
- Multiple banks acting as sales agents, forward purchasers, and forward sellers.