ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor issues $1.58B of senior secured notes; proceeds to repay existing debt

ONCOR ELECTRIC DELIVERY CO LLC

$750M of 4.50% notes due 2031 and $850M of 5.90% notes due 2056 issued.
Net proceeds ~$1.58B; used to repay $475M receivables securitization and part of $1.4B term loan.
Registration rights agreement requires exchange offer by June 30, 2027 or additional 0.50% interest.
Notes secured by lien on transmission and distribution property; interest payable semi-annually.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $850 million aggregate principal amount at 5.90% per annum maturing March 15, 2056.

Instrument: senior notes
Principal: $850 million aggregate principal amount
Rate: 5.90% per annum
Maturity: March 15, 2056
Event: incurrence

Exact text from the filing

(ii) $850 million aggregate principal amount of its 5.90% Senior Secured Notes due 2056

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ONCOR ELECTRIC DELIVERY CO LLC incurred senior notes of $750 million aggregate principal amount at 4.50% per annum maturing March 15, 2031.

Instrument: senior notes
Principal: $750 million aggregate principal amount
Rate: 4.50% per annum
Maturity: March 15, 2031
Event: incurrence

Exact text from the filing

On March 17, 2026, Oncor Electric Delivery Company LLC (“Oncor”) completed a sale of (i) $750 million aggregate principal amount of its 4.50% Senior Secured Notes due 2031

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Source: SEC EDGAR

accession 0001193125-26-117626

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