Here are the 424B prospectus supplements from PPL Corporation (PPL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPL filings page.
PPL Corporation is offering 20,000,000 Equity Units with a stated amount of $50 per unit, representing a public offering price of $1,000,000,000. The Equity Units initially consist of Corporate Units that combine purchase contracts and undivided interests in PPL Capital Funding’s 2034 and 2039 remarketable senior notes.
The offering proceeds are expected to be approximately $981 million to repay short-term debt and for general corporate purposes. The purchase contracts settle on February 15, 2029, and holders may convert Corporate Units to Treasury Units, participate in optional or final remarketings of the RSNs, or exercise early settlement rights subject to the contract terms and blackout periods.
PPL Corporation is offering 20,000,000 Equity Units (each with a stated amount of $50), initially issued as Corporate Units, through a prospectus supplement dated February 23, 2026. The underwriters have a 13-day option to purchase up to an additional 3,000,000 Corporate Units to cover over-allotments.
Each Corporate Unit initially includes a purchase contract to buy PPL common stock on the purchase contract settlement date of February 15, 2029, and undivided beneficial interests equal to 1/40 in each of PPL Capital Funding’s Remarketable Senior Notes maturing on February 15, 2034 and February 15, 2039. PPL intends to seek listing of the Corporate Units on the NYSE under the symbol PPLU. The offering proceeds are intended for repayment of short-term debt and general corporate purposes.