PPL units amend revolvers to extend maturities, expand capacities

By Wendy Van Sickle

Columbus, Ohio, Feb. 3 – PPL Corp. subsidiaries PPL Capital Funding, Inc., PPL Electric Utilities Corp., Louisville Gas and Electric Co. and Kentucky Utilities Co. each entered into on Friday amendments extending their revolving credit agreements with Wells Fargo, NA as administrative agent, according to an 8-K filed with the Securities and Exchange Commission.

Two of the borrowers also increased their revolvers’ capacities.

PPL Capital Funding’s revolver was increased to $700 million from $300 million, and its maturity was extended to Jan. 29, 2021 from July 28, 2019.

PPL Electric Utilities’ revolver was increased to $400 million from $300 million, and its maturity was extended to Jan. 29, 2021 from July 28, 2019.

Louisville Gas and Electric’s $500 million revolver was extended to Dec. 31, 2020 from July 28, 2019.

Kentucky Utilities’ $400 million revolver was extended to Dec. 31, 2020 from July 28, 2019.

PPL Corp. is an electricity and natural gas utility company based in Allentown, Pa.

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