#United States #Senior Notes #Dayton #consent solicitation #DPL LLC

DPL LLC Extends Expiration Time for Consent Solicitation

On March 12, 2026, DPL LLC, previously known as DPL Inc., made a pivotal announcement regarding its ongoing solicitation of consents from registered holders of its 4.35% Senior Notes, which are due in 2029. In a strategic move to facilitate the process, the company has extended the expiration time for this solicitation.

Overview of the Announcement

DPL LLC's consent solicitation aims to obtain the necessary approvals from holders of its senior notes to amend certain conditions of the indenture associated with these notes. The new expiration time has been set for 5:00 PM New York City time on March 13, 2026. This decision marks an extension from the previous expiry date of March 11, 2026. Fortunately for holders who have already submitted their consents, no further action is required on their part due to this extension.

This consent solicitation is integral to DPL's plans to reinforce its financial stability and operational strategy moving forward. With the extension, the company aims to ensure that all interested parties have sufficient time to consider the proposal and respond accordingly.

Key Details of the Consent Solicitation

The terms of the consent solicitation have remained largely unchanged apart from the revised expiration date. It continues to be governed by the consent solicitation statement issued on March 5, 2026. Holders of the Notes should refer to this statement for further details regarding the solicitation's conditions.

In terms of logistics, Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents for this process, while Global Bondholder Services Corporation (GBSC) has been appointed as the information and tabulation agent. Holders seeking further clarity on any aspect of the solicitation can reach out to the solicitation agents at the phone numbers provided:

• - Goldman Sachs: (800) 828-3182
• - Citigroup: (800) 558-3745
• - For assistance in submission or queries to GBSC: (855) 654-2014.

Importance and Implications

DPL LLC's action to extend the expiration time is a calculated effort to engage a broader group of stakeholders. This move highlights the company's commitment to transparency and collaboration with its bondholders. Given that the consent solicitation is solely linked to functional amendments within the existing note structure, it is a crucial step for DPL in maneuvering through the complexities of the current financial landscape.

As a regional energy provider, DPL LLC, with a primary focus on delivering reliable energy through its subsidiary, the Dayton Power and Light Company, serves over 541,000 customers across a significant geographic area in West Central Ohio. The successful execution of this consent solicitation could enable DPL to strengthen its operational efficiency and innovate further within its service offerings.

Conclusion

With a healthy balance of fiscal responsibility and proactive stakeholder engagement, DPL LLC is charting a course that not only looks to address immediate financial considerations but also positions the company favorably for future growth opportunities. Investors and stakeholders should remain attentive, as the outcomes of this extended solicitation could have lasting implications on the company's trajectory.

For additional information or updates on DPL LLC and its initiatives, stakeholders are encouraged to keep an eye on future announcements from the company.