PPL Capital Funding, Inc. JR SUB NT-B 73
PPX
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- None
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Jan 15, 2010
- CIK
- 0001047459
- Similar Companies
- Business
- PPL Capital Funding, Inc. operates as a financing subsidiary of PPL Corporation, issuing debt securities including junior subordinated notes such as the 5.9% Series B Junior Subordinated Notes due April 30, 2073 (ticker: PPX) to provide funding for the operations of PPL Corporation and its subsidiaries. Its core activities encompass the issuance of senior notes, exchangeable senior notes, convertible bonds, and other debt instruments, fully and unconditionally guaranteed by PPL Corporation on a senior unsecured basis; these proceeds support repayment of short-term debt, general corporate purposes, and financing for PPL's regulated utility operations in electricity transmission and distribution, natural gas delivery, and power generation. The company targets institutional investors through private placements under Rule 144A of the Securities Act of 1933. Headquartered in Allentown, Pennsylvania, alongside its parent PPL Corporation (founded in 1920), PPL Capital Funding conducts its activities primarily within the United States, supporting PPL's geographic operations across Pennsylvania, Kentucky, Virginia, and Rhode Island through subsidiaries such as PPL Electric Utilities Corporation, Louisville Gas & Electric Company/Kentucky Utilities (LG&E and KU), and Rhode Island Energy. In November 2025, PPL Capital Funding completed a $1.15 billion private placement of 3.000% Exchangeable Senior Notes due 2030 (upsized from $1 billion with a full exercise of the $150 million option), bearing semi-annual interest and maturing on December 1, 2030 unless earlier exchanged or redeemed, with net proceeds of approximately $988.8 million allocated to repay short-term debt and general corporate purposes. This followed a proposed offering announcement on November 19, 2025, settling on November 24, 2025, advised by firms including Hunton Andrews Kurth LLP and Davis Polk. Earlier, in 2023, the company issued a $900 million award-winning convertible bond as the first from a U.S. utility in over a decade, supporting PPL's capital expenditure plans and earnings growth targets through 2026.