01—Abstract
Summary
Summary of the 8-K filed January 30, 2026. Cited figures are marked; the original filing is the authoritative source.
PPL Corporation, together with its subsidiaries PPL Electric Utilities Corporation, Louisville Gas and Electric Company, and Kentucky Utilities Company, reported in this Form 8-K filed January 30, 2026 that on January 29, 2026 each entity amended its existing revolving credit facility with Wells Fargo Bank, National Association, as Administrative Agent.
The facilities are used to enhance liquidity, provide credit support and backstop commercial paper programs. The amendments extend the scheduled termination dates of certain revolving commitments from December 6, 2029 to December 6, 2030, and make certain other changes set forth in the conformed amended and restated revolving credit agreements filed as exhibits. The PPL Corporation facility is $1.5 billiona and is shared with The Narragansett Electric Company, d/b/a Rhode Island Energy, as Designated Borrower, with PPL Capital Funding, Inc. as Borrower and PPL Corporation as Guarantor.
PPL Electric Utilities Corporation's facility is $750 millionb, while Louisville Gas and Electric Company and Kentucky Utilities Company each have $600 million facilities. For investors, the filing is a routine liquidity update: it extends the maturity of committed bank capacity across the PPL group by one year, providing additional near-term financing flexibility. The filing itself does not disclose any drawn amounts or changes to pricing beyond the listed other changes.
02—Key points
Key Highlights
- PPL Corporation amended its $1.5 billion revolving credit facility, with Rhode Island Energy (The Narragansett Electric Company) as a Designated Borrower, to extend termination dates from December 6, 2029 to December 6, 2030.
- PPL Electric Utilities Corporation amended its $750 million revolving credit facility with the same extension to December 6, 2030.
- Louisville Gas and Electric Company amended its $600 million revolving credit facility with the same extension to December 6, 2030.
- Kentucky Utilities Company amended its $600 million revolving credit facility with the same extension to December 6, 2030.
- All four facilities are administered by Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender.
- The facilities serve to enhance liquidity, provide credit support and backstop commercial paper programs.
- Amendment No. 4 to each Amended and Restated Revolving Credit Agreement (dated December 6, 2021) is filed as Exhibits 10.1 through 10.4.
03—Questions
Frequently Asked Questions
What changed in the credit facilities?
On January 29, 2026, the scheduled termination dates of certain revolving commitments were extended from December 6, 2029 to December 6, 2030, and certain other changes were made as set forth in the amended and restated agreements filed as exhibits.
Which entities are covered by the amendments?
PPL Corporation (with PPL Capital Funding, Inc. as Borrower and The Narragansett Electric Company, d/b/a Rhode Island Energy, as Designated Borrower), PPL Electric Utilities Corporation, Louisville Gas and Electric Company, and Kentucky Utilities Company.
What are the sizes of the revolving credit facilities?
PPL Corporation's facility is $1.5 billion, PPL Electric Utilities Corporation's is $750 million, and Louisville Gas and Electric Company's and Kentucky Utilities Company's are each $600 million.
What is the purpose of these facilities?
The filing states that the facilities enhance liquidity, provide credit support and backstop commercial paper programs.
Does this filing disclose any borrowings under the facilities?
No. The filing describes only the amendments to the credit facilities and their termination date extensions and does not state amounts drawn under them.
04—Continue