PPL WEM Holdings will 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 of Western Power Distribution appointed Barclays Capital, Bank of America Merrill Lynch, Credit Suisse and RBS as 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 with PPL’s acquisition of Central Networks.

Click here for the release from PR Newswire.