07:40 AM EST, 11/19/2025 (MT Newswires) -- PPL's (PPL) capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement.

The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.

The company said it intends to use net proceeds from the offering to pay down short-term debt and for general corporate purposes.