DPL LLC Extends Expiration Time for Noteworthy Consent Solicitation by Over a Month

DPL LLC Extends Expiration Time for Consent Solicitation

DPL LLC, previously known as DPL Inc., has made a significant announcement regarding its ongoing consent solicitation process. The company has extended the expiration time for this solicitation related to its 4.35% Senior Notes due in 2029. The new deadline allows registered holders to provide their consent until 5:00 PM, New York City time, on May 13, 2026. This marks a notable extension from the previously set expiration date of March 31, 2026.

As of the previous deadline, approximately 39% of the total outstanding $400 million in principal amount of the Notes had already been bought in consent. This indicates a positive response from the holders, who are being asked to vote on certain proposed amendments to the indenture governing the Notes. Importantly, those who have already delivered their consents do not need to undertake any further action in light of this extension.

The company is seeking to secure consents from at least a majority of the outstanding principal amount to facilitate the proposed changes. If successful, DPL LLC plans to offer a total aggregate consent payment of $1,000,000, which will be distributed among all Holders who validly deliver their consents before the new expiration time.

The terms of the Consent Solicitation remain unchanged except for the extended deadline. Stakeholders can find detailed terms and conditions in the consent solicitation statement issued on March 5, 2026, which has seen supplementary updates on March 16 and March 19, 2026. As this situation evolves, DPL urges holders to remain informed through these official statements.

In connection with the Consent Solicitation, DPL LLC has enlisted Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. as solicitation agents. Additionally, Global Bondholder Services Corporation (GBSC) is acting as the information agent and tabulation agent for this solicitation. Holders seeking more information regarding the consent process can reach out to these agents for assistance.

DPL LLC continues to focus on its operations as a regional energy provider, which includes its principal subsidiaries, The Dayton Power and Light Company and Miami Valley Insurance Company (MVIC). The Dayton Power and Light Company caters to more than 541,000 customers within its broad service area in West Central Ohio, while MVIC acts as a captive insurance provider for DPL and its subsidiaries.

In the backdrop of changing energy dynamics, such solicitations are crucial for the company’s operational flexibility and strategic planning. Stakeholders are encouraged to take their time to consider the implications of proposed amendments carefully. This extension serves as an opportunity for more holders to lend their voice to the ongoing procedural shifts.

As a reminder, the current announcement does not constitute an offer to sell or purchase securities. Instead, it solely pertains to the terms outlined within the Consent Solicitation Statement. Investors and security holders are urged to remain on top of further developments by reviewing all related documentation from DPL LLC as it's made available.

About DPL LLC

DPL LLC stands out as a regional energy supplier within The AES Corporation, a leading global energy entity. Its operations are pivotal in delivering sustainable energy solutions that cater to current and future demands, emphasizing innovation and efficient service delivery. The company advocates for collaborative partnerships in its pursuit of enhanced operational excellence, further engaging with customers for strategic energy transitions.

DPL LLC's financial landscape and upcoming actions, including the extension period for the consent solicitation, symbolize its commitment to stakeholder engagement and transparent operations. The company remains focused on ensuring its strategies align with broader market expectations, particularly in a fluctuating economic environment. This consent solicitation process captures an essential part of DPL's efforts to integrate stakeholder interests more fully into its governance and operational framework.