PPL Corp 8-K

What Happened

• On January 29, 2026, PPL Corporation and four of its borrowing affiliates amended existing revolving credit agreements with Wells Fargo Bank, N.A. as Administrative Agent. The amendments extend the scheduled termination dates of certain commitments under the facilities from December 6, 2029 to December 6, 2030 and make other conforming changes. The 8-K was filed January 30, 2026.

Key Details

• PPL Capital Funding, Inc. (borrower) / PPL Corporation (guarantor) and The Narragansett Electric Company (Designated Borrower): $1.5 billion facility — termination extended to Dec 6, 2030 (Amendment No. 4; Exhibit 10.1).
• PPL Electric Utilities Corporation: $750 million facility — termination extended to Dec 6, 2030 (Exhibit 10.2).
• Louisville Gas and Electric Company: $600 million facility — termination extended to Dec 6, 2030 (Exhibit 10.3).
• Kentucky Utilities Company: $600 million facility — termination extended to Dec 6, 2030 (Exhibit 10.4). Wells Fargo remains Administrative Agent, Issuing Lender and Swingline Lender.

Why It Matters

• These amendments extend committed liquidity for PPL and its utility subsidiaries by one year, reducing near-term refinancing pressure and preserving access to revolving credit capacity. For investors, this is a liquidity/financing update — not an earnings or operational change — that helps support working capital and short-term funding flexibility.