ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor issues $250M secured notes, plans $150M more, and draws $300M under AR facility

ONCOR ELECTRIC DELIVERY CO LLC

Issued $250M of 5.15% Senior Secured Notes Series H due May 1, 2029 on Jan 30, 2025.
Will issue $150M of 5.59% Senior Secured Notes Series I due May 1, 2034 on Feb 25, 2025.
Borrowed $300M under accounts receivable securitization facility; total $300M outstanding.
Proceeds used for general corporate purposes, including repaying commercial paper.

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 term loan of $300 million aggregate principal amount was borrowed under the AR Facility with MUFG Bank, Ltd. at (i) the daily cost of asset-backed commercial paper issued by the conduit lender maturing April 28, 2027.

Instrument: term loan
Principal: $300 million aggregate principal amount was borrowed under the AR Facility
Counterparty: MUFG Bank, Ltd.
Rate: (i) the daily cost of asset-backed commercial paper issued by the conduit lender
Maturity: April 28, 2027
Event: incurrence

Exact text from the filing

On January 30, 2025, $300 million aggregate principal amount was borrowed under the AR Facility

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

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $250 million at 5.15% per annum maturing May 1, 2029.

Instrument: senior notes
Principal: $250 million
Rate: 5.15% per annum
Maturity: May 1, 2029
Event: incurrence

Exact text from the filing

Oncor issued $250 million aggregate principal amount of its 5.15% Senior Secured Notes, Series H, due May 1, 2029

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Source: SEC EDGAR

accession 0001193125-25-020020

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