Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-06-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | PPL Capital Senior Notes due 2022 | Industry: | Electricity |
| Description: |
Davis Polk advised PPL Capital Funding, Inc. on its SEC-registered offering of $400 million aggregate principal amount of 4.2% senior notes due 2022, fully and unconditionally guaranteed by PPL Corporation (PPL). BNP Paribas Securities Corp., Goldman, Sachs & Co., J.P. Morgan Securities LLC and UBS Securities LLC acted as representatives of the several underwriters for the offering. PPL Capital Funding expects to loan the net proceeds from the sale of the notes to subsidiaries of PPL, which will use the funds for general corporate purposes.
The Davis Polk team included partner Michael Kaplan and associates Jonathan C. Pentzien and Xuelin (Steve) Wang. The tax team included partner Samuel Dimon and associate Patrick E. Sigmon. Counsel Betty M. Huber and associate Amy E. Turner provided environmental advice. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
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| Financial Center: | New York | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Davis Polk |
| Issuer Jurisdiction | United States | Listing Jurisdiction | United States |
| Classification: |
Corporate Bonds Senior Debt |
Lawyer | Michael Kaplan |
