PPL Capital plans to sell fixed-rate senior notes due 2047

By Devika Patel

Knoxville, Tenn., Sept. 6 – PPL Capital Funding Inc. intends to price an offering of dollar-denominated fixed-rate senior notes due 2047, according to a 424B5 filing with the Securities and Exchange Commission.

The notes have a make-whole call until six months prior to maturity and then a par call.

The notes will be guaranteed by PPL Corp.

BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC and Scotia Capital (USA) Inc. are the bookrunners.

Proceeds will be used to repay short-term debt, including commercial paper borrowings, and for general corporate purposes.

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

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