Oncor Electric fully repays $450 million term loan borrowings

By Taylor Fox

New York, Dec. 30 – Oncor Electric Delivery Co. LLC fully repaid its $450 million borrowings plus interest outstanding under its term loan credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

The repayment was funded with capital contributions of $450 million received from Oncor’s members in December.

As a result of the repayment, no borrowings remain outstanding under the term loan agreement and the term loan agreement is no longer in effect.

Sumitomo Mitsui Banking Corp. is administrative agent for the lenders.

The electric company is based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.