{"schema_version":"secwatch.filing_event.v1","accession":"0000079732-23-000012","form_type":"8-K","ticker":null,"cik":"0000027879","company_name":"DELMARVA POWER & LIGHT CO /DE/","filed_at":"2023-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.564302+00:00","generated_at":"2026-06-18T02:33:21.217239+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"ACE, DPL and Pepco issue $450M in first mortgage bonds at rates 5.30%-5.57%","bullets":["ACE issued $75M of 5.57% Series due 2053; DPL issued $125M initial bonds at 5.30% (2033) and 5.57% (2053).","Pepco issued $250M initial bonds at 5.30% (2033), 5.40% (2038), and 5.57% (2053).","DPL also agreed to issue additional $525M bonds (5.45%-5.72%) with closings in Nov. 2023.","Pepco also agreed to issue $100M of 5.35% Series due 2033 with closing in Sept. 2023.","Proceeds from all bonds will repay existing debt and for general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0000079732-23-000012","json":"https://secwatch.observer/filing/0000079732-23-000012.json","markdown":"https://secwatch.observer/filing/0000079732-23-000012.md","text":"https://secwatch.observer/filing/0000079732-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8192/000007973223000012/exc-20230315.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T02:33:21.217239+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"02710d58e05b3b67ce8c17b46a81cb8d91138b06","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $340 million aggregate principal amount with institutional investors at 5.45% maturing November 8, 2033.","evidence_excerpt":"(ii) $340 million aggregate principal amount of its First Mortgage Bonds, 5.45% Series due November 8, 2033 (the Additional 2033 DPL Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$340 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.45%"},{"label":"Maturity","value":"November 8, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0e17addb0a5ae30d33216b202755fb6d5baa9cfd","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with institutional investors at 5.35% maturing September 13, 2033.","evidence_excerpt":"(ii) $100 million aggregate principal amount of its First Mortgage Bonds, 5.35% Series due September 13, 2033 (the Additional 2033 Pepco Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$100 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.35%"},{"label":"Maturity","value":"September 13, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"388e5e361a6e3b2bc09b833ca7d677cc26ca13c9","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $125 million aggregate principal amount with institutional investors at 5.57% maturing March 15, 2053.","evidence_excerpt":"(iv) $125 million aggregate principal amount of its First Mortgage Bonds, 5.57% Series due March 15, 2053 (the Initial 2053 Pepco Bonds, and together with the Initial 2033 Pepco Bonds and the Initial 2038 Pepco Bonds, the Initial Pepco Bonds).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$125 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.57%"},{"label":"Maturity","value":"March 15, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3bf1001bdf4d8bde2fb0c84d9c073d002aa60580","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $65 million aggregate principal amount with institutional investors at 5.57% maturing March 15, 2053.","evidence_excerpt":"(iv) $65 million aggregate principal amount of its First Mortgage Bonds, 5.57% Series due March 15, 2053 (the Initial 2053 DPL Bonds, and together with the Initial 2033 DPL Bonds, the Initial DPL Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$65 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.57%"},{"label":"Maturity","value":"March 15, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4de0cd4829334ae54f60ddcd97bc649ad4eb8bbf","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $110 million aggregate principal amount with institutional investors at 5.72% maturing November 8, 2053.","evidence_excerpt":"(v) $110 million aggregate principal amount of its First Mortgage Bonds, 5.72% Series due November 8, 2053 (the Additional 2053 DPL Bonds, and collectively with the Additional 2033 DPL and Additional 2038 DPL Bonds, the Additional DPL Bonds).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$110 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.72%"},{"label":"Maturity","value":"November 8, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"50c33fc88a6e3301ba900cb840d75bec7632cf02","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.57% maturing March 15, 2053.","evidence_excerpt":"On March 15, 2023, ACE entered into the ACE Purchase Agreement for the offer and sale of $75 million aggregate principal amount of its First Mortgage Bonds, 5.57% Series due March 15, 2053 (the ACE Bonds).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$75 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.57%"},{"label":"Maturity","value":"March 15, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a5993e4df403464e364c71a4bd287c786bad3b33","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.55% maturing November 8, 2038.","evidence_excerpt":"(iii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.55% Series due November 8, 2038 (the Additional 2038 DPL Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$75 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.55%"},{"label":"Maturity","value":"November 8, 2038"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c6f936e232c121f2cb32fe9537056b2d20efdcc9","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $40 million aggregate principal amount with institutional investors at 5.40% maturing March 15, 2038.","evidence_excerpt":"(iii) $40 million aggregate principal amount of its First Mortgage Bonds, 5.40% Series due March 15, 2038 (the Initial 2038 Pepco Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.40%"},{"label":"Maturity","value":"March 15, 2038"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c8c15ca4c46f4e71ab5de36078e6d963a431cbe1","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $85 million aggregate principal amount with institutional investors at 5.30% maturing March 15, 2033.","evidence_excerpt":"On March 15, 2023, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $85 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 15, 2033 (the Initial 2033 Pepco Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$85 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.30%"},{"label":"Maturity","value":"March 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"db3a3c2bf5fb2876efa3cb5d29dad5c4ddf1d2c4","claim":"DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $60 million aggregate principal amount with institutional investors at 5.30% maturing March 15, 2033.","evidence_excerpt":"On March 15, 2023, DPL entered into the DPL Purchase Agreement for the offer and sale of (i) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 15, 2033 (the Initial 2033 DPL Bonds)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$60 million aggregate principal amount"},{"label":"Counterparty","value":"institutional investors"},{"label":"Rate","value":"5.30%"},{"label":"Maturity","value":"March 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}