PPL WEM Holdings to sell $960 million senior notes in April 18 week

By Sheri Kasprzak

New York, April 15 - PPL WEM Holdings plc is expected to bring to market $960 million of senior notes in two tranches in the April 18 week, according to a statement from the company.

The notes will be due in 2016 and 2021, and they will be offered under Rule 144A.

Proceeds will be used to partially repay a bridge loan incurred in connection with PPL Corp.'s recent acquisition of Western Power Distribution (East Midlands) plc and WPD Midlands Holding Ltd.

PPL, based in Allentown, Pa., owns or controls 19,000 megawatts of regulated and competitive generating capacity in the U.S. and sells electricity and natural gas to customers in the United States and in the United Kingdom.

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