Chicago, April 14 – Dayton Power and Light Co. (AES Ohio) completed an offering for $100 million of 5.19% first mortgage bonds due 2033 in a private placement, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be callable early with a Treasuries plus 50 basis points make-whole premium before Jan. 13, 2033. After that date, the notes may be called at par.
Proceeds will be used to repay existing debt, including amounts outstanding under the company’s second amended and restated credit agreement from Dec. 22, 2022, as well as for general corporate purposes.
The issuer is a Dayton, Ohio-based energy company.
| Issuer: | Dayton Power and Light Co.
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| Amount: | $100 million
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| Issue: | First mortgage bonds
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| Maturity: | April 13, 2033
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| Coupon: | 5.19%
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| Call features: | Make-whole call at Treasuries plus 50 bps until Jan. 13, 2033; thereafter at par
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| Settlement date: | April 13
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| Distribution: | Private placement
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