secwatch / observer
8-K filed March 29, 2023, 7:59 PM ET CIK 0001193311
debt confidence high sentiment neutral materiality 0.50

ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor issues $352M in senior secured notes across three tranches; additional $48M planned for April

ONCOR ELECTRIC DELIVERY CO LLC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $200,000,000 aggregate principal amount of 5.50% Senior Secured Notes, Series C, due May 1, 2026; $72,000,000 aggregate with purchasers named therein at Series C: 5.50%; Series D: 5.34%; Series E: 5.45% maturing Series C: May 1, 2026; Series D: May 1, 2031; Series E: May 1, 2036.

Instrument
senior notes
Principal
$200,000,000 aggregate principal amount of 5.50% Senior Secured Notes, Series C, due May 1, 2026; $72,000,000 aggregate
Counterparty
purchasers named therein
Rate
Series C: 5.50%; Series D: 5.34%; Series E: 5.45%
Maturity
Series C: May 1, 2026; Series D: May 1, 2031; Series E: May 1, 2036
Event
incurrence
Exact text from the filing
On March 29, 2023, Oncor Electric Delivery Company LLC (“Oncor”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the purchasers named therein, which provides for the issuance by Oncor of certain senior secured notes.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $28,000,000 aggregate principal amount of 5.34% Senior Secured Notes, Series D, due May 1, 2031; $20,000,000 aggregate p with purchasers named therein at Series D: 5.34%; Series E: 5.45% maturing Series D: May 1, 2031; Series E: May 1, 2036.

Instrument
senior notes
Principal
$28,000,000 aggregate principal amount of 5.34% Senior Secured Notes, Series D, due May 1, 2031; $20,000,000 aggregate p
Counterparty
purchasers named therein
Rate
Series D: 5.34%; Series E: 5.45%
Maturity
Series D: May 1, 2031; Series E: May 1, 2036
Event
incurrence
Exact text from the filing
The Note Purchase Agreement also provides for, subject to the satisfaction of the certain customary closing conditions specified therein, Oncor’s future issuance on April 26, 2023, of $28,000,000 aggregate principal amount of 5.34% Senior Secured Notes, Series D, due May 1, 2031 (the “Additional Series D Notes”) and $20,000,000 aggregate principal amount of 5.45% Senior Secured Notes, Series E, due May 1, 2036 (the “Additional Series E Notes” and together with the Additional Series D Notes, the “April Issuance Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ONCOR ELECTRIC DELIVERY CO LLC entered into Note Purchase Agreement with the purchasers named therein valued at $200,000,000 aggregate principal amount of 5.50% Senior Secured Notes, Series C, due May 1, 2026, $7 (effective 2023-03-29).

Action
entry
Agreement
notes offering
Counterparty
the purchasers named therein
Value
$200,000,000 aggregate principal amount of 5.50% Senior Secured Notes, Series C, due May 1, 2026, $7
Effective
2023-03-29
Exact text from the filing
On March 29, 2023, Oncor Electric Delivery Company LLC (“Oncor”) entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with the purchasers named therein, which provides for the issuance by Oncor of certain senior secured notes.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-083671
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