Oncor Electric makes first $170 million draw on recent term loan

Chicago, April 5 – Oncor Electric Delivery Co. LLC made the first draw of $170 million on its recently announced $450 million term loan, according to an 8-K filing with the Securities and Exchange Commission.

Proceeds will be used for general corporate purposes.

Interest, as previously reported, is at Libor plus 65 basis points.

Borrowings can be made any time before June 4.

The loan matures May 17, 2022.

Wells Fargo Bank, NA is the administrative agent.

Oncor is an electric utility based in Dallas.

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