Davis Polk is advising Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse AG and Credit Suisse Securities (USA) LLC as lead arrangers of a £3.6 billion unsecured, investment-grade bridge facility to PPL Capital Funding, Inc. and PPL WEM Holdings plc, wholly owned subsidiaries of PPL Corporation, in connection with its acquisition of all of the equity interests of Central Networks Limited and Central Networks East plc, wholly owned subsidiaries of E.ON UK plc. These utilities serve about 5 million customers in the United Kingdom. 

PPL Corporation, headquartered in Allentown, Pennsylvania, owns or controls nearly 19,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 5.3 million customers in the United States and the United Kingdom. The company has about 14,000 employees. 

The Davis Polk financing team includes partner Jason Kyrwood and associates Louise C. Bennetts and Steven R. Klar. The Davis Polk capital markets team includes partners John B. Meade of the London office and Michael Kaplan and associates Pavan Jawanda and Heng Gong (not yet admitted). Partner Rachel D. Kleinberg of the Menlo Park office is providing tax advice. Associate Jennifer Freiman is providing benefits advice. Counsel Betty Moy Huber and associates Kevin J. Klesh and Ona Oshen are providing environmental advice. Richard A. Harrison is the legal assistant on this transaction. Unless otherwise noted above, all members of the Davis Polk team are based in the New York office.