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Bracewell Represents PPL Electric Utilities Corporation in $650 Million Floating Rate Bond Offering

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: Kathy Witty Medford, Caroline E. Ellis and Shannon Baldwin