debt
confidence high
sentiment neutral
materiality 0.55
LG&E and KU each issue $700M of 5.850% First Mortgage Bonds due 2055
KENTUCKY UTILITIES CO
- LG&E issues $700M of 5.850% First Mortgage Bonds due August 15, 2055, with early redemption provisions.
- KU issues $700M of 5.850% First Mortgage Bonds due August 15, 2055, with early redemption provisions.
- LG&E will use net proceeds to repay $300M of 3.300% bonds due Oct 1, 2025, repay short-term debt, and for general purposes.
- KU will use net proceeds to repay $250M of 3.300% bonds due Oct 1, 2025, repay short-term debt, and for general purposes.
- Both offerings expected to close on or about August 13, 2025; underwriting agreements dated August 4, 2025.
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