Duquesne Light Company

Overview

Deal Type Private Placement
Size $130 Million
First Mortgage Bonds
Client & Transactional Partners Duquesne Light Company
Our Role Joint Lead Placement Agent

Summary

On September 13, 2022, Duquesne Light Company (DLC or the Company) closed on $130 million of privately placed 30-year First Mortgage Bonds. The Company will use the proceeds from the offering to repay existing indebtedness and for general corporate purposes, including capital expenditures. KeyBanc Capital Markets acted as Joint Lead Placement Agent on the transaction.

DLC is a private company engaged in the delivery of electricity, consisting in general of transmission and distribution service within southwestern Pennsylvania. The Company holds an exclusive geographic franchise to provide electric distribution services in Allegheny and Beaver Counties, including the City of Pittsburgh. The Company delivers electricity to approximately 600,000 customers, nearly 90% of which are residential customers, over a service territory of approximately 817 square miles.

Recent Deals

January 2023

a portfolio company of

has been acquired by

Exclusive Sell-Side Advisor

hasa-inc
December 2022

Poseidon

$600 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

sunrun-poseidon
December 2022

a portfolio company of

has been acquired by

 

$1 Billion

Sell-Side Advisor

scout-clean-energy
December 2022

amplify energy 

$1 Billion

Senior Secured Credit Facility

Administrative Agent

amplify-energy-corp
December 2022

Woodcreek

$32.16 Million

Acquisition

woodcreek
December 2022

 

Casa Del Mar

$53.24 Million

Refinance

casa-del-mar
November 2022

 

$700 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

sterling-infosystems-inc
November 2022

Terra 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Co-Syndication Agent

terra-energy-partners-llc
November 2022

 

$43.3MM

CDLI Loan and LIHTC

river-oaks
November 2022

 

$100 million

Senior Secured Credit Facility

Lead Arranger
Bookrunner
Administrative Agent

seneca-gaming-corporation
November 2022

has divested of a 14.2 MW community solar portfolio in Illinois to

Sell-Side Advisor

cenergy-power
October 2022

Van Buren 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner
Co-Documentation Agent

van-buren-energy-llc

Connect With Us

  • Social Share Icon
  • Social Share Icon
  • Social Share Icon

Find an Expert