---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-077857"
form_type: "8-K"
ticker: null
cik: "0001193311"
company_name: "ONCOR ELECTRIC DELIVERY CO LLC"
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T17:34:12.823499+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Oncor Electric Delivery borrows $150M under term loan agreement with U.S. Bank

## Summary
- $150M term loan borrowed on March 23, 2023; matures April 30, 2024.
- Interest at Term SOFR +0.95% or ABR; proceeds used for general corporate purposes and repaying commercial paper.
- Financial covenant: consolidated senior debt to total capitalization ratio ≤0.65:1.
- Cross-default triggers at $100M of other indebtedness or unstayed judgments.
- Lender U.S. Bank also participates in Oncor's revolving credit facility.

## SEC filing metadata
- accession: 0001193125-23-077857
- form_type: 8-K
- cik: 0001193311
- company_name: ONCOR ELECTRIC DELIVERY CO LLC
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/0001193125-23-077857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/d473225d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-077857
- JSON: https://secwatch.observer/filing/0001193125-23-077857.json
- Plain text: https://secwatch.observer/filing/0001193125-23-077857.txt

## Key facts
- Debt Financings
  ONCOR ELECTRIC DELIVERY CO LLC incurred term loan of $150 million with U.S. Bank National Association at SOFR plus 0.95% maturing April 30, 2024.
  - Instrument: term loan
  - Principal: $150 million
  - Counterparty: U.S. Bank National Association
  - Rate: SOFR plus 0.95%
  - Maturity: April 30, 2024
  - Event: incurrence
  source text: On March 22, 2023, Oncor Electric Delivery Company LLC, a Delaware limited liability company (“Oncor”), entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) between Oncor, as the borrower, and U.S. Bank National Association, as the lender (the “Lender”). The Term Loan Agreement provides for a term loan credit facility in an aggregate principal amount of $150 million (the “Term Loan Facility”) with a maturity date of April 30, 2024. On March 23, 2023, Oncor borrowed $150 million aggregate principal amount under the Term Loan Agreement which was the full amount of the Term Loan Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/0001193125-23-077857-index.htm
- Material Agreements
  ONCOR ELECTRIC DELIVERY CO LLC entered into Term Loan Agreement with U.S. Bank National Association valued at $150 million (effective 2023-03-22).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: U.S. Bank National Association
  - Value: $150 million
  - Effective: 2023-03-22
  source text: On March 22, 2023, Oncor Electric Delivery Company LLC, a Delaware limited liability company (“Oncor”), entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) between Oncor, as the borrower, and U.S. Bank National Association, as the lender (the “Lender”). The Term Loan Agreement provides for a term loan credit facility in an aggregate principal amount of $150 million (the “Term Loan Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/0001193125-23-077857-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.