secwatch.observer — SEC 8-K summary
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Issuer:     ONCOR ELECTRIC DELIVERY CO LLC (—)
CIK:        0001193311
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-125702
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oncor establishes $500M AR Facility with MUFG and issues $48M in additional senior secured notes
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- Entered $500M revolving accounts receivable securitization facility (AR Facility) with MUFG as administrative agent; $100M drawn at closing.
- Sold $28M of 5.34% Senior Secured Notes due 2031 and $20M of 5.45% notes due 2036 under existing Note Purchase Agreement.
- Borrowing base at inception was approximately $408M; facility matures April 28, 2026, with potential one-year extensions.
- Additional notes bear semi-annual interest; initial interest accrual from April 26, 2023.
- Proceeds from both the AR Facility draw and note issuance used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1193311/000119312523125702/0001193125-23-125702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1193311/000119312523125702/d482630d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-125702

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