The Dayton Power & Light Company
| Company Deal | $15,000,000 first mortgage bonds, 3% series A due 1978 |
|---|---|
| Transaction Type | First Mortgage Bonds |
| Deal Description | The Dayton Power & Light Company used the proceeds from this transaction to repay a portion of its bank loans and to provide part of the funds for the company's 1948-1949 construction program. Such bank loans were incurred to finance a portion of the company's construction and expansion program. In order to produce and distribute the energy required to meet an increased demand, the company had a construction program under way since 1946 that through 1952. The company also expanded its service area by the acquisition in 1948 of six electric utility companies and one gas utility company. |