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August 30, 2015 4:59 PM ET

Electric Utilities

Company Overview of DPL Inc.

Company Overview

DPL Inc., through its subsidiaries, operates as an electric energy and utility company in the United States. It operates in two segments, Utility and Competitive Retail. The company engages in the generation, transmission, and distribution of electricity to the residential, commercial, industrial, and governmental customers. It generates electricity at 5 coal-fired power stations and sells to approximately 516,000 retail customers located in a 6,000 square mile area of West Central Ohio. The company serves automotive, food processing, paper, plastic manufacturing, and defense industries. It also sells retail electric energy under contract to approximately 260,000 residential, commercial, ind...

1065 Woodman Drive

Dayton, OH 45432

United States

Founded in 1985

1,189 Employees

Phone:

937-224-6000

Key Executives for DPL Inc.

Chief Financial Officer and Senior Vice President
Age: 42
Executive Vice President of Operations
Age: 50
Chief Executive Officer of the Dayton Power & Light Company and President of the Dayton Power & Light Company
Chief Administrative Officer and Senior Vice President
Age: 58
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2015.

DPL Inc. Key Developments

Dayton Power and Light Announces Executive Changes

The Dayton Power and Light Company has named Tom Raga as president and CEO. He is in his fifth year with DP&L and will lead the local, senior management team as it navigates the ongoing transition of the electric distribution business. Raga will assume the role previously held by Derek Porter.

DPL Inc. Completes Offering of $200 Million in Aggregate Principal Amount of Senior Notes Due 2019

DPL completed the offering of $200 million in aggregate principal amount of senior notes due 2019 (the "Notes") in a private placement to eligible investors. DPL used the net proceeds from the offering, together with cash on hand and the proceeds of other short term borrowings, to finance its previously announced tender offer for up to $300 million of its outstanding 6.50% Senior Notes due 2016 and to pay related fees and expenses. Payments of interest on the Notes are payable on April 1 and October 1 of each year, commencing April 1, 2015. Principal on the Notes is payable on the maturity date, which is October 1, 2019. DPL may redeem some or all of the Notes at any time before September 1, 2019 at a redemption price equal to 100% of the principal amount, plus a make-whole premium calculated based on the applicable Treasury Rate plus 50 basis points, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. DPL may redeem some or all of the Notes at any time on or after September 1, 2019 at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

DPL Inc. Announces Extension of Tender Offer, Increase in Maximum Tender Amount and Acceptance and Early Settlement of Securities

DPL Inc. announced that it is extending the expiration date for its previously announced tender offer for its outstanding 6.50% Senior Notes due 2016. The tender offer will now expire at 11:59 p.m. New York City time on October 20, 2014, unless extended or earlier terminated. The tender offer is being made upon, and is subject to, the terms and conditions set forth in the Offer to Purchase, dated September 3, 2014 and the related Letter of Transmittal. DPL also announced that it is increasing the 'Maximum Tender Amount' for the tender offer from $280 million in aggregate principal amount of outstanding Securities to $300 million in aggregate principal amount and amending the 'Financing Condition' for the tender offer. The 'Financing Condition' now means (a) the consummation of the New Debt Financing in a minimum aggregate principal amount of $200 million and (b) the determination by DPL, in its sole discretion, that it has funds available in a sufficient amount from the New Debt Financing, cash on hand and/or the proceeds of short term borrowings to purchase the Securities it accepts for purchase in the tender offer and to pay the fees and expenses related to the tender offer, in each case on terms that are satisfactory to DPL in its sole discretion. DPL also announced that it intends to accept for purchase $300 million aggregate principal amount of Securities, being the increased Maximum Tender Amount of Securities validly tendered on or before 11:59 pm New York City time on October 3, 2014. Holders of Securities that were validly tendered at or prior to 5:00 p.m. New York City time on September 19, 2014 and are accepted for purchase will receive the 'Total Consideration' of $1,092.56, which includes the early tender premium of $50.00 per $1,000 principal amount of Securities validly tendered. Holders validly tendering Securities after the Early Tender Date but before the Expiration Date and which are accepted for purchase will be eligible to receive only the 'Tender Offer Consideration' of $1,042.56, which equals the Total Consideration less the Early Tender Premium. No tenders submitted after the Expiration Date will be valid. DPL will pay accrued and unpaid interest from and including the last interest payment date applicable to the Securities up to, but not including, the applicable settlement date for Securities accepted for purchase.

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