PPL Capital Funding $500 million 4% notes issue

Overview:

• PPL Capital Funding has issued $500 million in senior notes.
• The 4% notes are due 2047.
• All proceeds will be used for the repayment of existing short term debts and for general corporate purposes.
• The issuer is a global energy deliverer to the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee.
• Goldman Sachs, JP Morgan Securities, Merrill Lynch Pierce Fenner & Smith and Scotia Capital acted as underwriters.

 Katrin Kostadinova - Data analyst