secwatch.observer — SEC 8-K summary
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Issuer:     ONCOR ELECTRIC DELIVERY CO LLC (—)
CIK:        0001193311
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001193125-23-077857
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/0001193125-23-077857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1193311/000119312523077857/d473225d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-077857

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