PPL $2 billion at-the-market offering
We advised PPL on the offering
麻豆入口 advised PPL Corporation, as issuer, in connection with its SEC-registered at-the-market offering program. Pursuant to the terms of the program, PPL may issue, offer and/or sell, including sales made pursuant to forward sales agreements, shares of its common stock, par value $0.01 per share, with an aggregate value of up to $2 billion.
PPL, headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the United States. PPL鈥檚 high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions.
The 麻豆入口 corporate team included partner Michael Kaplan and associate Christian Knoble. The equity derivatives team included partner Mark M. Mendez and associate Richard Stockton Bullitt. Partner Lucy W. Farr, counsel Danielle Rapaccioli and associate Michael Mirabella provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. All members of the 麻豆入口 team are based in the New York office.