Hunton Andrews Kurth Advises on PPL Capital Funding, Inc.’s Tender Offers

Hunton Andrews Kurth LLP advised the dealer managers in tender offers by PPL Capital Funding, Inc. (the “PPL Capital Funding”) for approximately $4 billion in aggregate principal amount of its 4.200% Senior Notes due 2022, 3.500% Senior Notes due 2022, 3.400% Senior Notes due 2023, 3.950% Senior Notes due 2024 and 4.700% Senior Notes due 2043, 5.000% Senior Notes due 2044, 4.000% Senior Notes due 2047, 4.125% Senior Notes due 2030 and 3.100% Senior Notes due 2026 (collectively, the “Notes”). Ultimately $1.96 billion of the Notes were accepted for purchase by PPL Capital Funding.

PPL Capital Funding is a wholly-owned subsidiary of PPL Corporation, a Pennsylvania corporation. PPL Corporation, headquartered in Allentown, Pennsylvania, is a utility holding company that was incorporated in 1994. PPL Corporation, through its regulated utility subsidiaries, delivers electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia; delivers natural gas to customers in Kentucky; and generates electricity from power plants in Kentucky.

The Hunton Andrews Kurth team included Pete O’Brien, Steve Friend and Brendan P. Harney. Robert McNamara and Tim Strother provided tax advice.