DAYTON POWER & LIGHT CO: debt financing — AES Ohio issues $200M in first mortgage bonds: $92.5M at 5.49% due 2028, $107.5M at 5.70% due 2033

DAYTON POWER & LIGHT CO

Issued $92.5M of 5.49% First Mortgage Bonds due Dec 28, 2028 and $107.5M of 5.70% bonds due Dec 28, 2033.
Proceeds from private placement to repay existing indebtedness under credit agreement and for general corporate purposes.
Interest payable Jan 15 and Jul 15, starting Jul 15, 2024; make-whole redemption available before certain dates.
The 55th Supplemental Indenture dated Dec 15, 2023 governs the new bonds; executed with Bank of New York Mellon as trustee.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DAYTON POWER & LIGHT CO incurred senior notes of $92.5 million in aggregate principal amount of First Mortgage Bonds, 5.49% Series due 2028 with The Bank of New York Mellon at 5.49% maturing December 28, 2028.

Instrument: senior notes
Principal: $92.5 million in aggregate principal amount of First Mortgage Bonds, 5.49% Series due 2028
Counterparty: The Bank of New York Mellon
Rate: 5.49%
Maturity: December 28, 2028
Event: incurrence

Exact text from the filing

AES Ohio completed the offering of (i) $92.5 million in aggregate principal amount of First Mortgage Bonds, 5.49% Series due 2028

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DAYTON POWER & LIGHT CO incurred senior notes of $107.5 million aggregate principal amount of its First Mortgage Bonds, 5.70% Series Due 2033 with The Bank of New York Mellon at 5.70% maturing December 28, 2033.

Instrument: senior notes
Principal: $107.5 million aggregate principal amount of its First Mortgage Bonds, 5.70% Series Due 2033
Counterparty: The Bank of New York Mellon
Rate: 5.70%
Maturity: December 28, 2033
Event: incurrence

Exact text from the filing

(ii) $107.5 million aggregate principal amount of its First Mortgage Bonds, 5.70% Series Due 2033

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

DAYTON POWER & LIGHT CO entered into 55th Supplemental Indenture with The Bank of New York Mellon (effective 2023-12-28).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon
Effective: 2023-12-28

Exact text from the filing

On December 28, 2023, The Dayton Power and Light Company, doing business as AES Ohio (“AES Ohio”), the principal subsidiary of DPL Inc., entered into a 55th supplemental indenture (the “55th Supplemental Indenture”), dated as of December 15, 2023, with The Bank of New York Mellon (the “Trustee”) to its First and Refunding Mortgage, dated as of October 1, 1935, with the Trustee, as amended and supplemented.

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Source: SEC EDGAR

accession 0000787250-23-000041

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