DELMARVA POWER & LIGHT CO /DE/: debt financing — Delmarva Power & Light reoffers $78.4M in bonds at 3.60% term rate through 2031

DELMARVA POWER & LIGHT CO /DE/

Completed reoffering of $78,400,000 aggregate principal amount of Gas Facilities Refunding Revenue Bonds (2020 Series A).
Interest rate modified to a term rate of 3.60% for period July 1, 2025 to January 1, 2031 (maturity).
DPL is primary obligor; bonds reoffered under exemption from Securities Act registration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

DELMARVA POWER & LIGHT CO /DE/ amended debt of $78,400,000 aggregate principal amount with The Delaware Economic Development Authority at term rate of 3.60% maturing January 1, 2031.

Principal: $78,400,000 aggregate principal amount
Counterparty: The Delaware Economic Development Authority
Rate: term rate of 3.60%
Maturity: January 1, 2031
Event: amendment

Exact text from the filing

Financial Obligation or an Obligation under an Off-balance Sheet Arrangement of a Registrant On July 1, 2025, Delaware Power & Light Company (DPL) completed a reoffering for $78,400,000 aggregate principal amount of The Delaware Economic Development Authority’s Gas Facilities Refunding Revenue Bonds (Delmarva Power & Light Company Project) 2020 Series A (Non-AMT)

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Source: SEC EDGAR

accession 0000027879-25-000008

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