New Issue: Oncor Electric agrees to sell $400 million notes due 2026, 2031, 2036

By Wendy Van Sickle

Columbus, Ohio, March 29 – Oncor Electric Delivery Co. LLC sold $352 million of senior secured notes in three parts on Wednesday and lined up a future issuance of $48 million senior secured notes, according to an 8-K filing with the Securities and Exchange Commission.

Oncor sold $200 million 5.5% senior secured notes due May 1, 2026, $72 million 5.34% senior secured notes due May 1, 2031 and $80 million 5.45% senior secured notes due May 1, 2036. The note purchase agreement provides for an additional issuance of $28 million of the 5.34% notes and $20 million of the 5.45% notes on April 26.

Proceeds will be used for general corporate purposes, including repayment of outstanding commercial paper notes.

The electric company is based in Dallas.

Issuer:	Oncor Electric Delivery Co. LLC
Amount:	$400 million
Issue:	Senior secured notes
Series C notes
Amount:	$200 million
Maturity:	May 1, 2026
Coupon:	5.5%
Issue date:	March 29
Series D notes
Amount:	$100 million
Maturity:	May 1, 2031
Coupon:	5.34%
Issue date:	March 29 for $72 million, April 26 for $28 million
Series E notes
Amount:	$100 million
Maturity:	May 1, 2036
Coupon:	5.45%
Issue date:	March 29 for $80 million, April 26 for $20 million

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