LG&E and KU issue $700M each in 5.850% First Mortgage Bonds due 2055 to refinance maturing debt

KENTUCKY UTILITIES CO

LG&E issued $700M of 5.850% First Mortgage Bonds due 2055; proceeds to repay $300M 3.300% bonds due Oct 1, 2025.
KU issued $700M of 5.850% First Mortgage Bonds due 2055; proceeds to repay $250M 3.300% bonds due Oct 1, 2025.
Additional net proceeds will repay short-term debt and fund other general corporate purposes.
Bonds are secured by a lien on substantially all real and tangible personal property in Kentucky used in utility operations.
Both issuances were made under existing SEC shelf registration statements.

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