8-K
filed November 8, 2023, 6:59 PM ET
CIK 0000027879
debt
confidence high
sentiment neutral
materiality 0.50
DELMARVA POWER & LIGHT CO /DE/: debt financing — DPL closes $650M bond offering: 5.30%-5.72% series due 2033-2053
DELMARVA POWER & LIGHT CO /DE/
- Issued $60M 5.30% bonds due 2033, $340M 5.45% bonds due Nov 2033, $75M 5.55% bonds due 2038, $65M 5.57% bonds due 2053, $110M 5.72% bonds due 2053.
- Sale closed November 8, 2023 under a Purchase Agreement dated March 15, 2023.
- Proceeds will repay existing indebtedness and for general corporate purposes.
- Bonds issued as First Mortgage Bonds under Mortgage and Deed of Trust dated 1943.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ incurred mortgage of $110 million with certain institutional investors at 5.72% maturing November 8, 2053.
- Instrument
- mortgage
- Principal
- $110 million
- Counterparty
- certain institutional investors
- Rate
- 5.72%
- Maturity
- November 8, 2053
- Event
- incurrence
Exact text from the filing
$110 million aggregate principal amount of its First Mortgage Bonds, 5.72% Series due November 8, 2053
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ incurred mortgage of $65 million with certain institutional investors at 5.57% maturing March 15, 2053.
- Instrument
- mortgage
- Principal
- $65 million
- Counterparty
- certain institutional investors
- Rate
- 5.57%
- Maturity
- March 15, 2053
- Event
- incurrence
Exact text from the filing
$65 million aggregate principal amount of its First Mortgage Bonds, 5.57% Series due March 15, 2053
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ incurred mortgage of $60 million with certain institutional investors at 5.30% maturing March 15, 2033.
- Instrument
- mortgage
- Principal
- $60 million
- Counterparty
- certain institutional investors
- Rate
- 5.30%
- Maturity
- March 15, 2033
- Event
- incurrence
Exact text from the filing
$60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 15, 2033
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ incurred mortgage of $75 million with certain institutional investors at 5.55% maturing November 8, 2038.
- Instrument
- mortgage
- Principal
- $75 million
- Counterparty
- certain institutional investors
- Rate
- 5.55%
- Maturity
- November 8, 2038
- Event
- incurrence
Exact text from the filing
$75 million aggregate principal amount of its First Mortgage Bonds, 5.55% Series due November 8, 2038
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ incurred mortgage of $340 million with certain institutional investors at 5.45% maturing November 8, 2033.
- Instrument
- mortgage
- Principal
- $340 million
- Counterparty
- certain institutional investors
- Rate
- 5.45%
- Maturity
- November 8, 2033
- Event
- incurrence
Exact text from the filing
$340 million aggregate principal amount of its First Mortgage Bonds, 5.45% Series due November 8, 2033
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
DELMARVA POWER & LIGHT CO /DE/ entered into DPL Purchase Agreement with certain institutional investors (effective 2023-03-15).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain institutional investors
- Effective
- 2023-03-15
Exact text from the filing
On March 15, 2023, Delmarva Power & Light Company (DPL) entered into a Bond Purchase Agreement (the DPL Purchase Agreement) with certain institutional investors.
View on SEC.gov
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