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Dayton Power will repay credit agreement from first mortgage bonds
Chicago, April 14 – Dayton Power and Light Co. (AES Ohio) said that it will be repaying amounts outstanding under the company’s second amended and restated credit agreement from Dec. 22, 2022 with the proceeds of a new $100 million offering of first mortgage bonds, according to an 8-K filing with the Securities and Exchange Commission.
The credit agreement being repaid lists PNC Bank, NA as administrative agent, joint bookrunner and joint lead arranger and U.S. Bank, NA as an issuing lender.
The company will also use the proceeds of the bonds for general corporate purposes.
The issuer is a Dayton, Ohio-based energy company.
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