DPL LLC Extends Expiration Time for Consent Solicitation to March 31, 2026

DPL LLC Extends Expiration Time for Consent Solicitation

DPL LLC, previously known as DPL Inc., has officially announced an extension for the expiration period related to its consent solicitation. The new deadline for registered holders of 4.35% Senior Notes due in 2029 has been moved to 5:00 PM New York City time on March 31, 2026. This change grants bondholders additional time to consider and submit their consents regarding the proposed amendments to the indenture governing these notes.

Originally, the consent solicitation was set to conclude on March 27, 2026. At that time, only about 39% of the total $400 million outstanding principal amount had provided valid consents towards the adoption of certain proposed amendments. Importantly, for bondholders who have already submitted their consents, no further action is required due to this extension. The terms of the consent solicitation remain unchanged, except for the new expiration date.

For the consent solicitation to proceed, DPL LLC aims to secure consents representing at least a majority of the outstanding principal amount of the notes. Should this condition be met, the total consent payment is set at $1,000,000, which will be shared among all holders who validly deliver their consents before the extended expiration time.

This solicitation is being conducted in accordance with the previously specified conditions outlined in the consent solicitation statement dated March 5, 2026, along with its subsequent amendments. Holders of the notes are encouraged to refer to this statement to gain a comprehensive understanding of the terms and conditions that apply to the consent solicitation process.

Solicitation Agents
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as solicitation agents, while Global Bondholder Services Corporation serves as the information and tabulation agent. Any inquiries regarding the consent solicitation's terms should be directed to either of the solicitation agents, specifically contacting Goldman Sachs via their toll-free number (800) 828-3182 or Citigroup via (800) 558-3745. For questions or assistance related to the consent submission, investors can reach out to Global Bondholder Services Corporation at (855) 654-2014.

Legal Notice
It is essential to understand that this press release does not constitute an offer to sell or purchase, nor does it solicit offers for securities. The consent solicitation is solely conducted under the guidelines defined in the consent solicitation statement. No recommendations are made regarding whether holders should consent to the proposed amendments.

Company Background
DPL LLC is a vital regional energy provider and a subsidiary of AES Corporation, which serves over 541,000 customers across a 6,000-square-mile territory in West Central Ohio through its principal subsidiary, The Dayton Power and Light Company. Additionally, Miami Valley Insurance Company, another subsidiary, provides essential insurance services. As parent company, AES Corporation is a leader in driving forward the energy industry's progress, delivering innovative and sustainable solutions.

This memorandum emphasizes the importance of timely participation from bondholders in the ongoing consent solicitation, aligning with DPL LLC's strategic framework to ensure effective governance and operational efficiency within its capital structure. As the revised expiration approaches, bondholders are urged to evaluate their roles and responsibilities in this critical financial decision-making process.