Item 1.01 Entry into a Definitive Material Agreement
On March 13, 2026, following the announcement on March 2, 2026 that The AES Corporation ("AES") had entered into an Agreement and Plan of Merger, by and among AES, Horizon Parent, L.P., a Delaware limited partnership ("Parent"), and Horizon Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent, The Dayton Power and Light Company (d/b/a AES Ohio) (the "Company") entered into a First Amendment to the Credit Agreement (the "PNC First Amendment"), by and among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent, which amends that certain Third Amended and Restated Credit Agreement, dated as of March 25, 2025 (the "PNC Credit Agreement"), by and among the Company, as borrower, the lenders from time to time party thereto and PNC Bank, National Association, as administrative agent. The PNC First Amendment amends the PNC Credit Agreement, among other things, to modify certain change of control provisions and to permit direct or indirect ownership of AES by Global Infrastructure Management, LLC, EQT Fund Management S.à r.l., Qatar Investment Authority, and certain investment vehicles affiliated with any of the foregoing or with funds, accounts or other entities managed, advised or controlled by any of the foregoing.
The foregoing summary of the PNC First Amendment does not purport to be complete and is qualified in its entirety by reference to the PNC First Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.