HOUSTON – Bracewell LLP represented PPL Electric Utilities Corporation in its public offering of $650 million of first mortgage bonds, floating rate series due 2024. The bonds were issued on June 24, 2021, and will bear interest at a floating rate based on the Secured Overnight Financing Rate, or SOFR, published by the Federal Reserve Bank of New York.
Bracewell lawyers involved in the transaction included:
Partners: Catherine Hood, Rebecca Keep and Don J. Lonczak
Counsel: Ian R. Brown
Associates: Caroline E. Ellis and Shannon Baldwin