ALLENTOWN, Pa. , May 31, 2023 /PRNewswire/ -- PPL Capital Funding, Inc. ("PPL Capital Funding"), a wholly-owned subsidiary of PPL Corporation (NYSE: PPL) announced today that, after June 30, 2023, CME Term SOFR, as administered by the CME Group Benchmark Administration, will be the replacement reference rate for PPL Capital Funding, Inc.'s 6.70% Junior Subordinated Notes due 2067 (CUSIP:69352PAC7) (the "Notes"), replacing U.S. dollar LIBOR as the reference rate.
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