-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UGeZouYWtzaUHenX70sx3Wi2JqdiWmeSnzLXxJ8QT1XoCzRJa16VMS4NARhZBofs wY4d4fW56RNl62kVOCijmA== 0000950120-99-000298.txt : 19990812 0000950120-99-000298.hdr.sgml : 19990812 ACCESSION NUMBER: 0000950120-99-000298 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990810 ITEM INFORMATION: FILED AS OF DATE: 19990811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PP&L RESOURCES INC CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11459 FILM NUMBER: 99683880 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH ST STREET 2: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 181011179 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PP&L INC CENTRAL INDEX KEY: 0000317187 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 230959590 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00905 FILM NUMBER: 99683881 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PP & L INC DATE OF NAME CHANGE: 19970912 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) August 10, 1999 --------------------- PP&L Resources, Inc. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) PENNSYLVANIA 1-11459 23-2758192 ---------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) PP&L, Inc. ---------------------------------------------------------------------- (Exact name of registrant as specified in its charter) PENNSYLVANIA 1-905 23-0959590 ---------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) TWO NORTH NINTH STREET, ALLENTOWN, PA 18101-1179 ---------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrants' telephone number, including area code 610-774-5151 ------------------- ---------------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS ------------ The following text is from a recent company news release relating to the expiration of cash tender offers by PP&L, Inc. for any and all of approximately $1.66 billion of 11 different series of its first mortgage bonds. PP&L, INC. ANNOUNCES EXPIRATION OF TENDER OFFERS ------------------------------------------------ PP&L, Inc. said today (8/11) that its cash tender offers relating to any and all of about $1.66 billion of first mortgage bonds expired at 5 p.m. EDT on Tuesday, Aug. 10, 1999. PP&L, Inc. is the major subsidiary of PP&L Resources, Inc. (NYSE:PPL). All securities validly tendered prior to the expiration of the offers will be accepted for payment pursuant to the terms of the offers. Based on the preliminary count, the aggregate price for all of the securities tendered, plus accrued and unpaid interest, is about $1.55 billion. "We are very pleased with the success of these tenders which were targeted at lowering the overall effective interest costs of PP&L, Inc.," said John R. Biggar, PP&L Resources' senior vice president and chief financial officer. "Combined with the recently completed issuance of $2.42 billion of transition bonds by PP&L Transition Bond Company LLC and PP&L Resources, Inc.'s repurchase of 14 million shares of common stock, we believe that PP&L Resources is now positioned to show continued strong growth in financial performance." The following table sets forth for each series of first mortgage bonds included in the tender offer its CUSIP number, title and maturity and the preliminary count of the principal amount tendered, as well as figures based on the preliminary count for the principal amount of each series expected to be outstanding following purchase of the tendered securities: ---------------------------------------------------------------------- CUSIP Series Aggregate of Aggregate Aggregate Number of First Principal Principal Principal Mortgage Amount Amount of Amount Bonds Outstanding Debt Tendered Outstanding (Preliminary) Following Purchase (Preliminary) ---------------------------------------------------------------------- 709051 BJ 4 9-3/8% $99,750,000 $94,582,000 $5,168,000 due 2021 ---------------------------------------------------------------------- 709051 BH 8 9-1/4% $215,000,000 $187,421,000 $27,579,000 due 2019 ---------------------------------------------------------------------- 709051 BM 7 8-1/2% $150,000,000 $120,489,000 $29,511,000 due 2022 ---------------------------------------------------------------------- 709051 BQ 8 7-7/8% $200,000,000 $143,787,000 $56,213,000 due 2023 ---------------------------------------------------------------------- 709051 BL 9 7-3/4% $150,000,000 $121,612,000 $28,388,000 due 2002 ---------------------------------------------------------------------- 709051 CC 8 7.70% $200,000,000 $199,675,000 $325,000 due 2009 ---------------------------------------------------------------------- 709051 CD 6 7-3/8% $100,000,000 $89,710,000 $10,290,000 due 2014 ---------------------------------------------------------------------- 709051 CA 2 7.30% $150,000,000 $144,195,000 $5,805,000 due 2024 ---------------------------------------------------------------------- 709051 BN 5 6-7/8% $100,000,000 $81,232,000 $18,768,000 due 2003 ---------------------------------------------------------------------- 709051 CB 0 6-7/8% $150,000,000 $125,233,000 $24,767,000 due 2004 ---------------------------------------------------------------------- 709051 BY 1 6-3/4% $150,000,000 $130,503,000 $19,497,000 due 2023 ---------------------------------------------------------------------- Morgan Stanley Dean Witter (800-624-1808) and Banc One Capital Markets, Inc. (877-810-9199) are acting as joint dealer managers for the tender offers. PP&L, Inc., a subsidiary of PP&L Resources, Inc., generates electricity; provides electric delivery services to 1.3 million customers in eastern and central Pennsylvania; and trades or markets wholesale energy in the United States and Canada. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized. PP&L RESOURCES, INC. PP&L, INC. By: /s/ James E. Abel ----------------------------- Vice President - Finance and Treasurer Date: August 11, 1999 -----END PRIVACY-ENHANCED MESSAGE-----