ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor borrows $210M under AR Facility for general corporate purposes

ONCOR ELECTRIC DELIVERY CO LLC

On May 29, 2025, Oncor borrowed $210M aggregate principal under its $500M revolving AR Facility.
Proceeds intended for general corporate purposes, including repayment of outstanding commercial paper.
AR Facility terminates April 28, 2028, with potential one-year extensions upon lender consent.
Borrowings bear interest at commercial paper costs or SOFR + 0.10%, plus used/unused fees.
Receivables LLC, a bankruptcy-remote sub, administers the facility; its assets not available to Oncor creditors.

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 $210 million aggregate principal amount with MUFG Bank, Ltd. at either (i) the daily cost of asset-backed commercial paper issued by the conduit maturing the earlier of (i) the scheduled termination date of April 28, 2028, (ii) the date on which the termination date is declared or deemed to have occurred upon the.

Instrument: revolving credit
Principal: $210 million aggregate principal amount
Counterparty: MUFG Bank, Ltd.
Rate: either (i) the daily cost of asset-backed commercial paper issued by the conduit
Maturity: the earlier of (i) the scheduled termination date of April 28, 2028, (ii) the date on which the termination date is declared or deemed to have occurred upon the
Event: incurrence

Exact text from the filing

On May 29, 2025, $210 million aggregate principal amount was borrowed under the AR Facility.

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Source: SEC EDGAR

accession 0001193125-25-134884

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