Latham & Watkins Advises on Dayton Power and Light Company’s US$375 Million First Mortgage Bonds Offering

The Dayton Power and Light Company, a subsidiary of DPL LLC and The AES Corporation and which does business as AES Ohio, priced an offering of US$375 million aggregate principal amount of a new series of 4.55% First Mortgage Bonds due 2030 in a private offering under Rule 144A and Regulation S of the Securities Act of 1933 to eligible purchasers. The offering closed on August 19, 2025.

Latham & Watkins LLP represented the initial purchasers in the offering with a Capital Markets team led by partner Brittany Ruiz, with associates Robyn Sablove, Alex Gulino, and Jackie Stern. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Joyce Shin; on energy regulatory matters by partner Tyler Brown and counsel Jamie Blackburn; and on environmental matters by Gary Gengel, with associates Tal Carmeli and Gina Kwon.