Dayton Power and Light enters into First Amendment to Credit Agreement in connection with AES merger

DAYTON POWER & LIGHT CO

On March 13, 2026, The Dayton Power and Light Company (AES Ohio) entered into a First Amendment to its Third Amended and Restated Credit Agreement.
The amendment modifies change of control provisions and permits ownership by Global Infrastructure Management, EQT, Qatar Investment Authority and affiliates.
The amendment is in connection with the merger of The AES Corporation with Horizon Parent, L.P. and Horizon Merger Sub, Inc.
The Credit Agreement provides a $350 million revolving credit facility with PNC Bank as administrative agent.
The amendment was executed with the consent of the required lenders and conditions including receipt of merger documents.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

DAYTON POWER & LIGHT CO entered into First Amendment to the Credit Agreement with PNC Bank, National Association valued at Amendment to Third Amended and Restated Credit Agreement dated March 25, 2025 (effective 2026-03-13).

Action: entry
Agreement: credit facility
Counterparty: PNC Bank, National Association
Value: Amendment to Third Amended and Restated Credit Agreement dated March 25, 2025
Effective: 2026-03-13

Exact text from the filing

On March 13, 2026, following the announcement on March 2, 2026 that The AES Corporation (“AES”) had entered into an Agreement and Plan of Merger, by and among AES, Horizon Parent, L.P., a Delaware limited partnership (“Parent”), and Horizon Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent, The Dayton Power and Light Company (d/b/a AES Ohio) (the “Company”) entered into a First Amendment to the Credit Agreement (the “PNC First Amendment”), by and among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent, which amends that certain Third Amended and Restated Credit Agreement, dated as of March 25, 2025 (the “PNC Credit Agreement”), by and among the Company, as borrower, the lenders from time to time party thereto and PNC Bank, National Association, as administrative agent.

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Source: SEC EDGAR

accession 0000787250-26-000016

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