DPL redeems $73 million of Dolphin Subsidiary II 6½% notes due 2016

By Wendy Van Sickle

Columbus, Ohio, Feb. 5 – DPL Inc. redeemed $73 million of Dolphin Subsidiary II, Inc.’s $130 million 6½% senior notes due 2016 on Friday, according to a notice.

The redemption price was the greater of par or the sum of the values of the remaining scheduled payments of principal and interest discounted to the redemption date on a semiannual basis at a rate equal to the Treasury yield plus 50 basis points. Dolphin also paid accrued interest.

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