secwatch.observer — SEC 8-K summary
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Issuer:     DELMARVA POWER & LIGHT CO /DE/ (—)
CIK:        0000027879
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0000079732-23-000012
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACE, DPL and Pepco issue $450M in first mortgage bonds at rates 5.30%-5.57%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27879/000007973223000012/0000079732-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8192/000007973223000012/exc-20230315.htm
  HTML page:      https://secwatch.observer/filing/0000079732-23-000012

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