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PPL Issues $1.15 Billion in Exchangeable Notes

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PPL Issues $1.15 Billion in Exchangeable Notes

TipRanks Black Friday Sale

PPL ( (PPL) ) has issued an announcement.

On November 24, 2025, PPL Capital Funding, Inc., a subsidiary of PPL Corporation, issued $1.15 billion in 3.000% Exchangeable Senior Notes due 2030. The issuance was conducted through a private placement aimed at qualified institutional buyers under Rule 144A of the Securities Act of 1933. The net proceeds of $1.14 billion from the sale are intended for repaying short-term debt and general corporate purposes. These senior, unsecured notes are guaranteed by PPL Corporation and are exchangeable for the company’s common stock under specified conditions. The issuance strengthens PPL’s financial positioning by addressing short-term liabilities and potentially enhancing liquidity, while offering investors a structured opportunity to engage with PPL’s equity through the exchangeable feature of the notes.

The most recent analyst rating on (PPL) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.

Spark’s Take on PPL Stock

According to Spark, TipRanks’ AI Analyst, PPL is a Neutral.

PPL’s overall stock score reflects strong earnings call highlights and solid financial performance, tempered by technical analysis and valuation concerns. The company’s strategic investments and growth prospects are promising, but cash flow management and valuation metrics warrant caution.

To see Spark’s full report on PPL stock, click here.

More about PPL

Average Trading Volume: 5,366,709

Technical Sentiment Signal: Buy

Current Market Cap: $26.72B

See more data about PPL stock on TipRanks’ Stock Analysis page.

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