Kentucky Utilities Company’s $300 Million First Mortgage Bonds Offering


Hunton Andrews Kurth LLP represented the underwriters in connection with Kentucky Utilities Company’s $300,000,000 aggregate principal amount of its 4.375% first mortgage bonds due 2045.

BofA Merrill Lynch, Mizuho Securities, MUFG, RBC Capital Markets Scotiabank acted as Joint Book-Running Managers on the offering.

Kentucky Utilities Company is a wholly owned subsidiary of LG&E and KU Energy LLC, a wholly owned subsidiary of PPL Corporation. It is a regulated utility in electricity generation, transmission, distribution, and sales in Kentucky and Virginia. It is subject to regulation as a public utility by the Kentucky Public Service Commission and the Virginia SCC, and certain of its transmission activities are subject to jurisdiction of the Federal Energy Regulatory Commission. The company serves customers in Kentucky under the Kentucky Utilities Company name and Virginia customers under the Old Dominion Power name.

The Hunton Andrews Kurth team included Peter K. O’Brien (Picture), Adam O’Brian and Michelle G. Chan. Robert McNamara provided tax advice.

Involved fees earner: Michelle Chan – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Adam O’Brian – Hunton Andrew Kurth; Peter O’Brien – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Bank of America Merrill Lynch; Mizuho Securities; MUFG; RBC Capital Markets; Scotiabank;

Author: Ambrogio Visconti