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PPL 8-K Report, Financial Obligation (May 15, 2026)

Reports
Financial Events·Other Events·Exhibits & Filings
Filing Date
Filed May 15, 2026
Period End
May 12, 2026
Securities
PPLPPLC
In the record · 2016–202610-K1110-Q328-K239

PPL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 239 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’18May ’18
  2. Deal closed8-K · Jun ’21Jun ’21
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed May 15, 2026. Cited figures are marked; the original filing is the authoritative source.

PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, entered into an underwriting agreement on May 12, 2026 with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters, for the offering and sale of $500 milliona of 5.75% First Mortgage Bonds, Series due 2056.

The Bonds were issued on May 15, 2026 under PPL Electric's 2001 Indenture, as supplemented by Supplemental Indenture No. 28 dated May 1, 2026, and are secured by a lien on substantially all of PPL Electric's distribution properties and certain of its transmission properties, subject to stated exceptions and exclusions. The Bonds mature May 15, 2056 and are subject to early redemption. PPL Electric will use the net proceeds to repay short-term debt and for general corporate purposes.

The offering was made under PPL Electric's Form S-3 registration statement (Registration No. 333-277140-03). The filing lists supporting exhibits, including the underwriting agreement, the supplemental indenture, an officer's certificate dated May 15, 2026, and legal opinions from W. Eric Marr of PPL Services Corporation and Troutman Pepper Locke LLP.

02—Key points

Key Highlights

  1. PPL Electric sold $500 million of 5.75% First Mortgage Bonds, Series due 2056, issued May 15, 2026.
  2. Underwriting agreement dated May 12, 2026 with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC as representatives of the underwriters.
  3. The Bonds are secured by the lien of the 2001 Indenture on substantially all distribution properties and certain transmission properties, subject to exceptions and exclusions.
  4. Net proceeds will be used to repay short-term debt and for general corporate purposes.
  5. Bonds mature May 15, 2056 and are subject to early redemption.
  6. Issued under the Form S-3 shelf registration statement (Registration No. 333-277140-03).
  7. Supplemental Indenture No. 28, dated May 1, 2026, and an officer's certificate dated May 15, 2026 were filed as exhibits.

03—Questions

Frequently Asked Questions

  1. How much debt did PPL Electric issue and on what terms?

    PPL Electric issued $500 million of 5.75% First Mortgage Bonds, Series due 2056. The Bonds were issued on May 15, 2026 and are due May 15, 2056, subject to early redemption.

  2. What is the security for the Bonds?

    The Bonds are secured by the lien of the Indenture, which covers substantially all of PPL Electric's distribution properties and certain of its transmission properties, subject to certain exceptions and exclusions described in the Indenture.

  3. What will PPL Electric do with the proceeds?

    PPL Electric will use the net proceeds to repay short-term debt and for general corporate purposes.

  4. Who underwrote the offering?

    The underwriting agreement dated May 12, 2026 was entered into with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters.

  5. Under what registration was the offering made?

    The Bonds were offered and sold under PPL Electric's Registration Statement on Form S-3 (Registration No. 333-277140-03) on file with the SEC.

04—Continue

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