---
schema_version: "secwatch.filing_event.v1"
accession: "0000027879-23-000003"
form_type: "8-K"
ticker: null
cik: "0000027879"
company_name: "DELMARVA POWER & LIGHT CO /DE/"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T11:44:46.309159+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# DPL closes $650M bond offering: 5.30%-5.72% series due 2033-2053

## Summary
- 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.

## SEC filing metadata
- accession: 0000027879-23-000003
- form_type: 8-K
- cik: 0000027879
- company_name: DELMARVA POWER & LIGHT CO /DE/
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/exc-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000027879-23-000003
- JSON: https://secwatch.observer/filing/0000027879-23-000003.json
- Plain text: https://secwatch.observer/filing/0000027879-23-000003.txt

## Key facts
- Debt Financings
  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
  source text: $110 million aggregate principal amount of its First Mortgage Bonds, 5.72% Series due November 8, 2053
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- Debt Financings
  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
  source text: $65 million aggregate principal amount of its First Mortgage Bonds, 5.57% Series due March 15, 2053
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- Debt Financings
  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
  source text: $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 15, 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- Debt Financings
  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
  source text: $75 million aggregate principal amount of its First Mortgage Bonds, 5.55% Series due November 8, 2038
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- Debt Financings
  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
  source text: $340 million aggregate principal amount of its First Mortgage Bonds, 5.45% Series due November 8, 2033
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm
- Material Agreements
  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
  source text: On March 15, 2023, Delmarva Power & Light Company (DPL) entered into a Bond Purchase Agreement (the DPL Purchase Agreement) with certain institutional investors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27879/000002787923000003/0000027879-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.