Oncor enters $1.4B term loan facility; borrows $925M initially

ONCOR ELECTRIC DELIVERY CO LLC

Term loan credit agreement for $1.4B aggregate principal with 13-month maturity after funding period ends.
Initial borrowing of $925M on Dec 26, 2025 used for general corporate purposes.
Proceeds include repayment of commercial paper and $174M of 3.86% Senior Notes due Dec 3, 2025.
Interest rate options: Term SOFR + 0.875% or Alternate Base Rate; commitment fee 0.05%.
Covenant requires max consolidated senior debt to total capitalization ratio of 0.65:1.

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 term loan of $1.4 billion with Sumitomo Mitsui Banking Corporation at term SOFR plus 0.0875% maturing 13 months after the date on which the funding availability period ends.

Instrument: term loan
Principal: $1.4 billion
Counterparty: Sumitomo Mitsui Banking Corporation
Rate: term SOFR plus 0.0875%
Maturity: 13 months after the date on which the funding availability period ends
Event: incurrence

Exact text from the filing

On December 23, 2025, Oncor Electric Delivery Company LLC (“Oncor”) entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) among Oncor, as borrower, the lenders from time to time party thereto, and Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. The Term Loan Agreement provides for a term loan credit facility in an aggregate principal amount of $1.4 billion (the “Term Loan Facility”) with a maturity date that is 13 months after the date on which the funding availability period ends.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ONCOR ELECTRIC DELIVERY CO LLC entered into Term Loan Agreement with Sumitomo Mitsui Banking Corporation, as administrative agent, and the lenders from time to time party thereto valued at $1.4 billion (effective 2025-12-23).

Action: entry
Agreement: credit facility
Counterparty: Sumitomo Mitsui Banking Corporation, as administrative agent, and the lenders from time to time party thereto
Value: $1.4 billion
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, Oncor Electric Delivery Company LLC (“Oncor”) entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) among Oncor, as borrower, the lenders from time to time party thereto, and Sumitomo Mitsui Banking Corporation, as administrative agent for the lenders. The Term Loan Agreement provides for a term loan credit facility in an aggregate principal amount of $1.4 billion

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-25-335302

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