AES Ohio Extends Exchange Offer for Existing Mortgage Bonds Due in 2030

AES Ohio Extends Exchange Offer for Existing Mortgage Bonds

The Dayton Power and Light Company, operating under the name AES Ohio, has made a significant announcement regarding its ongoing exchange offer. Initially set to expire on January 13, 2026, the exchange offer has now been extended to January 20, 2026. This decision allows more time for holders of the existing 4.550% First Mortgage Bonds due 2030 to participate in the exchange process.

This exchange offer involves an exchange of existing bonds for newly registered bonds, which will also maintain the same interest rate and maturity date. However, these new bonds have been registered under the Securities Act of 1933, which allows for more favorable terms compared to the old bonds, particularly concerning transfer restrictions and registration rights.

As of now, holders of approximately $374.8 million worth of the old bonds, out of a total of $375 million outstanding, have taken action to participate in the exchange. This level of interest indicates that investors are eager to take advantage of the new bond offering and its improved regulatory standing.

The terms of the exchange offer were detailed in the prospectus dated December 15, 2025, and all related documents have been filed with the Securities and Exchange Commission (SEC). Interested parties can obtain these documents through The Bank of New York Mellon, the exchange agent managing the process.

It's important to note that this announcement does not constitute an offer to exchange, buy, or solicit any securities outside of the established prospectus. Instead, the exchange offer, as extended, is purely subject to the terms outlined in this document.

Forward-looking statements included in the press release hint at the expectations of management regarding market conditions, interest rates, and potential economic impacts on the bond offerings. However, investors are reminded that such statements carry inherent risks and uncertainties, and actual results may differ from expectations due to a variety of factors beyond AES Ohio's control.

AES Ohio operates as a subsidiary of The AES Corporation, providing regulated electric utility services to over 539,000 customers across a 6,000-square-mile area in West Central Ohio. With an extensive infrastructure, the company oversees over 1,600 miles of transmission lines and 13,000 miles of overhead distribution lines, positioning itself as a key player in the regional energy market.

For further information about AES Ohio and details regarding the exchange offer, interested individuals can visit the official website or reach out via the designated contact methods. This offer presents a unique opportunity for investors to reassess their bond holdings and align with the updated regulatory framework that accompanies the new issuance.

As the deadline for the exchange offer approaches, stakeholders are encouraged to act promptly and stay informed about the latest developments surrounding AES Ohio’s bond offerings. Through these initiatives, AES Ohio continues to reinforce its commitment to providing reliable energy solutions while navigating the complexities of the financial markets.