PPL WEM To Sell $960M In Notes

PPL WEM Holdingswill sell $960 million of senior unsecured notes in a two-part offering. The issue will include five- and 10-year notes and will be sold in the private placement Rule 144a market.

The holding company ofWestern Power DistributionappointedBarclays Capital,Bank of America Merrill Lynch,Credit SuisseandRBSas the bookrunners for the deal. The company intends to use the proceeds to repay a portion of the borrowings outstanding under Tranche B of the bridge facilities borrowed in connection withPPL’s acquisition ofCentral Networks.

Click here for the release fromPR Newswire.