PPL Capital intends sell dollar-denominated fixed-rate senior notes

By Devika Patel

Knoxville, Tenn., April 1 – PPL Capital Funding Inc. intends to price an offering of dollar-denominated fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

The notes will be guaranteed by PPL Corp.

Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used to repay short-term debt and for general corporate purposes.

The energy and utility holding company is based in Allentown, Pa.

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