Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ONCOR ELECTRIC DELIVERY CO LLC incurred revolving credit of $500,000,000 revolving facility, with initial borrowing of $100,000,000 with MUFG Bank, Ltd., as administrative agent, and the lenders party thereto at commercial paper cost or SOFR + 0.10% maturing April 28, 2026.
- Instrument
- revolving credit
- Principal
- $500,000,000 revolving facility, with initial borrowing of $100,000,000
- Counterparty
- MUFG Bank, Ltd., as administrative agent, and the lenders party thereto
- Rate
- commercial paper cost or SOFR + 0.10%
- Maturity
- April 28, 2026
- Event
- incurrence
Exact text from the filing
On April 28, 2023, Oncor Electric Delivery Company LLC (“Oncor”) entered into a three-year $500 million revolving accounts receivable securitization facility (the “AR Facility”) with MUFG Bank, Ltd., as administrative agent (“MUFG”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.3
ONCOR ELECTRIC DELIVERY CO LLC entered into Purchase and Sale Agreement with Oncor Receivables LLC (effective 2023-04-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Oncor Receivables LLC
- Effective
- 2023-04-28
Exact text from the filing
On April 28, 2023, Oncor Electric Delivery Company LLC (“Oncor”) entered into a three-year $500 million revolving accounts receivable securitization facility (the “AR Facility”) with MUFG Bank, Ltd., as administrative agent (“MUFG”). In connection with the AR Facility, on April 28, 2023, Oncor contributed all of its existing, and committed to continue to contribute or sell all of its future, accounts receivable from retail electric providers and certain related rights to Receivables LLC (as defined below) pursuant to the terms of the Purchase and Sale Agreement, dated as of April 28, 2023 (the “Sale Agreement”), among Oncor, any additional originators from time to time party thereto and Oncor Receivables LLC, a bankruptcy-remote special purpose entity and wholly-owned subsidiary of Oncor (“Receivables LLC”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.3
ONCOR ELECTRIC DELIVERY CO LLC entered into Receivables Financing Agreement with Oncor Receivables LLC, MUFG Bank, Ltd., and certain lenders valued at $500 million (effective 2023-04-28).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Oncor Receivables LLC, MUFG Bank, Ltd., and certain lenders
- Value
- $500 million
- Effective
- 2023-04-28
Exact text from the filing
Pursuant to the Receivables Financing Agreement, dated as of April 28, 2023 (the “Receivables Financing Agreement”), among Oncor, Receivables LLC, MUFG and certain lenders and group agents from time to time party thereto (the “Lenders”), Receivables LLC will obtain loans from the Lenders secured by all of Receivables LLC’s assets, including the receivables and related rights that it owns.
View on SEC.gov