ONCOR ELECTRIC DELIVERY CO LLC: debt financing — Oncor issues €850M 4.55% Junior Subordinated Notes due 2056; proceeds ~€839.8M for corporate uses

ONCOR ELECTRIC DELIVERY CO LLC

€850M aggregate principal, 4.55% coupon, matures Nov 26, 2056; all-in USD fixed rate 5.98535% via cross-currency swaps.
Net proceeds ~€839.8M (~US$974.3M); intended for general corporate purposes including repaying commercial paper.
Notes are junior subordinated, unsecured, rank junior to senior debt and effectively subordinated to secured and subsidiary debt.
Oncor may redeem notes in whole before maturity (Aug 28–Nov 26, 2031 period and after first reset date).
Listing on Euronext Dublin; sold under Rule 144A and Regulation S.

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 €850 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A., as Trustee at 4.55% maturing November 26, 2056.

Instrument: senior notes
Principal: €850 million aggregate principal amount
Counterparty: The Bank of New York Mellon Trust Company, N.A., as Trustee
Rate: 4.55%
Maturity: November 26, 2056
Event: incurrence

Exact text from the filing

Oncor issued €850 million aggregate principal amount of its 4.55% Junior Subordinated Notes due 2056

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

ONCOR ELECTRIC DELIVERY CO LLC entered into Junior Subordinated Indenture with The Bank of New York Mellon Trust Company, N.A. valued at €850 million aggregate principal amount (effective 2026-05-26).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: €850 million aggregate principal amount
Effective: 2026-05-26

Exact text from the filing

On May 26, 2026, Oncor Electric Delivery Company LLC (“Oncor”) entered into a Junior Subordinated Indenture (the “Junior Subordinated Indenture”) between Oncor and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”).

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Source: SEC EDGAR

accession 0001193125-26-241882

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