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DPL plans offering of senior notes to refinance 2021 notes
By Marisa Wong
Los Angeles, June 17 – DPL Inc. said it intends to offer senior notes (BB) in a Rule 144A and Regulation S private offering.
DPL plans to use proceeds from the new notes, together with cash on hand or the proceeds of other short-term borrowings, to redeem all of its outstanding 7¼% senior notes due 2021, of which $380 million is outstanding. Any remaining proceeds will be used for general corporate purposes.
DPL is a Dayton, Ohio-based regional energy provider and an AES company. Its primary subsidiaries include Dayton Power and Light Co. and Miami Valley Insurance Co.
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