8-K
filed March 19, 2026, 7:59 PM ET
CIK 0000027879
debt
confidence high
sentiment neutral
materiality 0.55
DELMARVA POWER & LIGHT CO /DE/: debt financing — Three Pepco subsidiaries issue $550M in first mortgage bonds across multiple series
DELMARVA POWER & LIGHT CO /DE/
- ACE issued $100M of 4.95% First Mortgage Bonds due March 19, 2036.
- DPL issued $150M total: $75M of 5.00% due Sept 2036 and $75M of 5.74% due March 2056.
- Pepco issued $300M: $110M of 5.00% due 2036, $60M of 5.30% due 2041, $130M of 5.74% due 2056.
- All bonds sold via private placement under Section 4(a)(2) exemption; closed March 19, 2026.
- Proceeds to repay existing indebtedness and for general corporate purposes.
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/ incurred senior notes of $130 million aggregate principal amount with institutional investors at 5.74% maturing June 17, 2056.
- Instrument
- senior notes
- Principal
- $130 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 5.74%
- Maturity
- June 17, 2056
- Event
- incurrence
Exact text from the filing
On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $100 million aggregate principal amount with institutional investors at 4.95% maturing March 19, 2036.
- Instrument
- senior notes
- Principal
- $100 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 4.95%
- Maturity
- March 19, 2036
- Event
- incurrence
Exact text from the filing
On March 19, 2026, ACE entered into the ACE Purchase Agreement for the offer and sale of $100 million aggregate principal amount of its First Mortgage Bonds, 4.95% Series due March 19, 2036 (the “ACE Bonds”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.74% maturing March 19, 2056.
- Instrument
- senior notes
- Principal
- $75 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 5.74%
- Maturity
- March 19, 2056
- Event
- incurrence
Exact text from the filing
On March 19, 2026, DPL entered into the DPL Purchase Agreement for the offer and sale of (i) $75 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due September 16, 2036 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due March 19, 2056 (the “Initial DPL Bonds”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $60 million aggregate principal amount with institutional investors at 5.30% maturing March 19, 2041.
- Instrument
- senior notes
- Principal
- $60 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 5.30%
- Maturity
- March 19, 2041
- Event
- incurrence
Exact text from the filing
On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $75 million aggregate principal amount with institutional investors at 5.00% maturing September 16, 2036.
- Instrument
- senior notes
- Principal
- $75 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 5.00%
- Maturity
- September 16, 2036
- Event
- incurrence
Exact text from the filing
On March 19, 2026, DPL entered into the DPL Purchase Agreement for the offer and sale of (i) $75 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due September 16, 2036 and (ii) $75 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due March 19, 2056 (the “Initial DPL Bonds”).
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
DELMARVA POWER & LIGHT CO /DE/ incurred senior notes of $110 million aggregate principal amount with institutional investors at 5.00% maturing March 19, 2036.
- Instrument
- senior notes
- Principal
- $110 million aggregate principal amount
- Counterparty
- institutional investors
- Rate
- 5.00%
- Maturity
- March 19, 2036
- Event
- incurrence
Exact text from the filing
On March 19, 2026, Pepco entered into the Pepco Purchase Agreement for the offer and sale of (i) $110 million aggregate principal amount of its First Mortgage Bonds, 5.00% Series due March 19, 2036 (the 2036 Pepco Bonds), (ii) $60 million aggregate principal amount of its First Mortgage Bonds, 5.30% Series due March 19, 2041 (the 2041 Pepco Bonds and, together with the 2036 Pepco Bonds, the Initial Pepco Bonds) and (iii) $130 million aggregate principal amount of its First Mortgage Bonds, 5.74% Series due June 17, 2056.
View on SEC.gov
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