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DPL announces $200 million five-year notes for debt refinancing
By Paul A. Harris
Portland, Ore., Sept. 22 – DPL Inc. announced in a Monday press release that it plans to privately place $200 million of senior notes due 2019 (existing ratings Ba3/BB).
Proceeds from the Rule 144A and Regulation S offering, along with cash on hand and/or the proceeds of other debt, will be used to finance the tender offer for up to $280 million of the company’s 6˝% senior notes due 2016 and for general corporate purposes.
DPL is a Dayton, Ohio-based energy company.
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