PPL Corp announced on November 24, 2025, that it issued $1.15 billion of 3.000% Exchangeable Senior Notes due in 2030, with net proceeds intended to pay down short-term debt and for general corporate purposes. The notes are exchangeable for shares at an initial rate of 23.4412 shares per $1,000, equivalent to a price of about $42.66 per share, representing a 20% premium over the last stock sale price on November 19, 2025.