PPL unit Rhode Island Energy issues USD 400 million 6% senior notes due 2056

PPL Corporation

PPL Corporation

PPL

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  • PPL’s Rhode Island Energy unit priced a USD 400 million private placement of 6% Senior Notes due 2056.
  • Net proceeds totaled USD 396.3 million.
  • Funds will repay short-term debt tied mainly to capital spending, with the remainder for general corporate purposes.
  • The notes are senior unsecured obligations of the issuer, with no guarantee from PPL or its other subsidiaries.


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