* Arranges significant portion of permanent financing for U.K. acquisition
through offerings of common stock and equity units
* Says concurrent offerings of 80 million shares of its common stock and $750
million of equity units
* Says announced concurrent offerings of 80 million shares of its common stock
and $750 million of equity units
* Says proceeds will be used to repay a portion of the 3.6 billion pounds
sterling bridge term loan facility
* Will also grant underwriters of the offerings an option to purchase an
additional 12 million shares of PPL common stock
* Says PPL will also grant underwriters an additional $112.5 million of equity
units to cover over-allotments
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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