---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-004418"
form_type: "8-K"
ticker: null
cik: "0000787250"
company_name: "DPL LLC"
filed_at: "2025-04-04T23:59:59+00:00"
generated_at: "2026-05-23T21:50:29.404090+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# DPL closes sale of ~30% indirect equity in AES Ohio to CDPQ for $544M; plans to repay $415M notes

## Summary
- Closed sale of 15% of Ohio Holdings and 17.65% of Ohio Investments to CDPQ for approximately $544M total.
- CDPQ now holds ~30% indirect equity interest in AES Ohio; DPL retains 82.35% of Ohio Investments.
- Proceeds to be used to repay $415M of 4.125% senior notes due July 2025, plus general corporate purposes.
- DPL Inc. converted to DPL LLC on April 3, 2025; Articles of Incorporation terminated, Operating Agreement adopted.
- Shareholders' Agreement grants CDPQ board representation and veto rights over major decisions for Ohio Investments.

## SEC filing metadata
- accession: 0000950103-25-004418
- form_type: 8-K
- cik: 0000787250
- company_name: DPL LLC
- filed_at: 2025-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/787250/000095010325004418/0000950103-25-004418-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/787250/000095010325004418/dp227257_8k-dplllc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-004418
- JSON: https://secwatch.observer/filing/0000950103-25-004418.json
- Plain text: https://secwatch.observer/filing/0000950103-25-004418.txt

## Key facts
- Governance Changes
  DPL LLC: Conversion of entity from Ohio corporation to Ohio limited liability company, including name change to DPL LLC and adoption of new organizational documents (effective 2025-04-03).
  - Effective: 2025-04-03
  source text: On April 3, 2025, DPL Inc. converted its form of business organization from an Ohio corporation to an Ohio limited liability company
  evidence_url: https://www.sec.gov/Archives/edgar/data/787250/000095010325004418/0000950103-25-004418-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.