DPL LLC Enters Material Agreement, Incurs Financial Obligation
| Field | Detail |
|---|---|
| Company | Dpl LLC |
| Form Type | 8-K |
| Filed Date | Aug 19, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $375 million, $150 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
TL;DR
DPL LLC just signed a big deal and took on new debt. Watch this space.
AI Summary
On August 19, 2025, DPL LLC entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the agreement and the financial obligation are provided within the filing.
Why It Matters
This filing signals a significant new financial commitment or partnership for DPL LLC, which could impact its future financial performance and operational strategy.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and incurring financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet its financial commitments.
Key Players & Entities
- DPL LLC (company) — Registrant
- Dayton Power & Light Co (company) — Former Company Name
FAQ
What type of material definitive agreement did DPL LLC enter into?
The filing indicates the entry into a material definitive agreement but does not specify the exact nature of the agreement in the provided text.
What is the nature of the direct financial obligation or off-balance sheet arrangement?
The filing states the creation of such an obligation but does not provide specific details on its terms or amount in the provided text.
When was the filing submitted to the SEC?
The filing was submitted on August 19, 2025.
What is DPL LLC's state of incorporation?
DPL LLC is incorporated in Ohio (OH).
What is the primary business of DPL LLC and Dayton Power & Light Co?
Both DPL LLC and Dayton Power & Light Co are involved in Electric & Other Services.
Filing Stats: 875 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2025-08-19 16:30:12
Key Financial Figures
- $375 million — pleted its previously announced sale of $375 million aggregate principal amount of 4.550% Fi
- $150 million — to repay amounts outstanding under its $150 million term loan agreement and revolving credi
Filing Documents
- dp233196_8k.htm (8-K) — 41KB
- dp233196_ex0401.htm (EX-4.1) — 310KB
- image_001.jpg (GRAPHIC) — 5KB
- 0000950103-25-010464.txt ( ) — 624KB
- dpl-20250819.xsd (EX-101.SCH) — 3KB
- dpl-20250819_def.xml (EX-101.DEF) — 26KB
- dpl-20250819_lab.xml (EX-101.LAB) — 35KB
- dpl-20250819_pre.xml (EX-101.PRE) — 24KB
- dp233196_8k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On August 19, 2025, The Dayton Power and Light Company, the principal subsidiary of DPL LLC and a subsidiary of The AES Corporation and which does business as AES Ohio, completed its previously announced sale of $375 million aggregate principal amount of 4.550% First Mortgage Bonds due 2030 (the "Bonds"), pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The Bonds were issued pursuant to the First and Refunding Mortgage dated as of October 1, 1935 between AES Ohio and The Bank of New York Mellon Trust Company, N.A., as successor in interest to the Irving Trust Company, as trustee (the "Trustee"), as heretofore amended and supplemented, and as further amended and supplemented by the Fifty-Sixth Supplemental Indenture dated as of August 19, 2025 (the "Supplemental Indenture") between AES Ohio and the Trustee. The Bonds are secured by the lien of the mortgage which constitutes a valid, direct first mortgage lien upon AES Ohio's interest in substantially all the property now owned by it and specifically described in the mortgage as subject to the lien of the mortgage which has not been released by the Trustee or otherwise retired pursuant to the terms of the mortgage, subject to certain exceptions. Payments of interest on the Bonds are payable on February 15 and August 15 of each year, commencing February 15, 2026. Principal on the Bonds is payable on the maturity date, which is August 15, 2030. AES Ohio intends to use the net proceeds from the Bonds to repay amounts outstanding under its $150 million term loan agreement and revolving credit agreement. Any remaining net proceeds will be used for general corporate purposes. The foregoing descriptions of the Bonds and the Supplemental Indenture do not purport to be complete and are qualified in their entirety by reference to the Supplemental Indenture, which is filed as Exhibit 4.1 hereto, and is incor
01 Financial Statements and
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 4.1 Fifty-Sixth Supplemental Indenture between AES Ohio and The Bank of New York Mellon Trust Company, N.A., as Trustee, dated August 19, 2025, relating to the 4.550% First Mortgage Bonds due 2030 (including the form of Bond attached as an exhibit thereto) Exhibit 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. DPL LLC Date: August 19, 2025 By: /s/ Brian Hylander Name: Brian Hylander Title: Vice President, General Counsel and Secretary The Dayton Power and Light Company d/b/a AES Ohio Date: August 19, 2025 By: /s/ Brian Hylander Name: Brian Hylander Title: Vice President, General Counsel and Secretary