PPL CAPITAL FUNDING, INC., Issuer and PPL CORPORATION, Guarantor TO THE BANK OF NEW YORK, Trustee Supplemental Indenture No. 1 Dated as of March 1, 2007 Supplemental to the Subordinated Indenture dated as of March 1, 2007 Establishing a series of...Supplemental Indenture • March 20th, 2007 • PPL Corp • Electric services • New York
SUPPLEMENTAL INDENTURE No. 1, dated as of March 1, 2007 among PPL CAPITAL FUNDING, INC., a corporation duly organized and existing under the laws of the State of Delaware (herein called the “Company”), PPL CORPORATION, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania (herein called the “Guarantor”), and THE BANK OF NEW YORK, a New York banking corporation, as Trustee (herein called the “Trustee”), under the Subordinated Indenture dated as of March 1, 2007 (hereinafter called the “Original Indenture”), this Supplemental Indenture No. 1 being supplemental thereto. The Original Indenture and any and all indentures and instruments supplemental thereto are hereinafter sometimes collectively called the “Indenture.”
PPL CAPITAL FUNDING, INC. $500,000,000 2007 Series A Junior Subordinated Notes due 2067 Fully and Unconditionally Guaranteed as to Payment of Principal, Interest and any Premium under Subordinated Guarantees of PPL Corporation UNDERWRITING AGREEMENTUnderwriting Agreement • March 20th, 2007 • PPL Corp • Electric services • New York
Barclays Capital Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Incorporated, Wachovia Capital Markets, LLC As Representatives of the Several Underwriters, c/o J.P. Morgan Securities Inc., 270 Park Avenue, New York, New York 10017.
RecitalsReplacement Capital Covenant • March 20th, 2007 • PPL Corp • Electric services
Mechanism (including at any point in time from all prior issuances thereof pursuant to such Alternative Payment Mechanism) equal to 25% of the liquidation or principal amount of the Qualifying Capital Securities that are the subject of the related Alternative Payment Mechanism (the “Preferred Cap”);
