ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor issues C$500M 4.20% Senior Secured Notes due 2035; net proceeds ~US$357M for corporate purposes

ONCOR ELECTRIC DELIVERY CO LLC

C$500M aggregate principal of 4.20% Senior Secured Notes due Oct 1, 2035.
Cross-currency swaps convert CAD to USD; all-in USD fixed rate of 5.022%.
Net proceeds of ~C$493.6M (US$356.7M) used to repay commercial paper and for general corporate purposes.
Interest payable semi-annually Apr 1 and Oct 1, starting Apr 1, 2026.
Redeemable at make-whole prior to Jul 1, 2035; thereafter at par; also redeemable for tax events.

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 senior notes of C$500 million aggregate principal amount at 4.20% per annum maturing October 1, 2035.

Instrument: senior notes
Principal: C$500 million aggregate principal amount
Rate: 4.20% per annum
Maturity: October 1, 2035
Event: incurrence

Exact text from the filing

On September 26, 2025, Oncor Electric Delivery Company LLC (“Oncor”) completed a sale of C$500 million aggregate principal amount of its 4.20% Senior Secured Notes due 2035 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-25-223187

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