---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-144167"
form_type: "8-K"
ticker: null
cik: "0001193311"
company_name: "ONCOR ELECTRIC DELIVERY CO LLC"
filed_at: "2025-06-23T23:59:59+00:00"
generated_at: "2026-05-18T23:23:25.303557+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Oncor issues €700M notes at 5.44% USD all-in; HB 5247 UTM expected to boost ROE 50-100 bps

## Summary
- Issued €700M 3.625% Senior Secured Notes due 2034; all-in USD fixed rate 5.4405% via cross-currency swaps.
- Net proceeds ~€691.1M ($794.4M); will repay $210M AR securitization facility and outstanding commercial paper.
- Texas HB 5247 (UTM) signed June 20, effective; Oncor expects to qualify and file first UTM in H1 2026.
- UTM allows annual interim rate adjustments for eligible T&D capex through 2035; expected to improve ROE by 50-100 bps.
- Oncor will begin recognizing regulatory asset for eligible capex placed in service after Dec 31, 2024.

## SEC filing metadata
- accession: 0001193125-25-144167
- form_type: 8-K
- cik: 0001193311
- company_name: ONCOR ELECTRIC DELIVERY CO LLC
- filed_at: 2025-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1193311/000119312525144167/0001193125-25-144167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1193311/000119312525144167/d71598d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-144167
- JSON: https://secwatch.observer/filing/0001193125-25-144167.json
- Plain text: https://secwatch.observer/filing/0001193125-25-144167.txt

## Key facts
- Debt Financings
  ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of €700 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 3.625% per annum maturing June 15, 2034.
  - Instrument: senior notes
  - Principal: €700 million aggregate principal amount
  - Counterparty: The Bank of New York Mellon Trust Company, N.A.
  - Rate: 3.625% per annum
  - Maturity: June 15, 2034
  - Event: incurrence
  source text: On June 16, 2025, Oncor Electric Delivery Company LLC (“Oncor”) completed a sale of €700 million aggregate principal amount of its 3.625% Senior Secured Notes due 2034 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1193311/000119312525144167/0001193125-25-144167-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.