ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor borrows $300M under AR Facility for general corporate purposes

ONCOR ELECTRIC DELIVERY CO LLC

Borrowed $300M on Jan 30, 2024 under existing $500M accounts receivable securitization facility.
Proceeds used for general corporate purposes, including repayment of commercial paper.
Outstanding balance under AR Facility now $300M.
Facility terminates April 28, 2026, unless extended with lender consent.

Key facts

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 $300 million aggregate principal amount was borrowed under the AR Facility with MUFG Bank, Ltd. at the daily cost of asset-backed commercial paper issued by the conduit lenders to maturing April 28, 2026.

Instrument: revolving credit
Principal: $300 million aggregate principal amount was borrowed under the AR Facility
Counterparty: MUFG Bank, Ltd.
Rate: the daily cost of asset-backed commercial paper issued by the conduit lenders to
Maturity: April 28, 2026
Event: incurrence

Exact text from the filing

On January 30, 2024, $300 million aggregate principal amount was borrowed under the AR Facility.

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Source: SEC EDGAR

accession 0001193125-24-020923

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