Oncor Electric uses last extension option, pushes revolver to 2028

By Mary-Katherine Stinson

Lexington, Ky., Nov. 13 – Oncor Electric Delivery Co. LLC entered an extension agreement on Nov. 9 pertaining to the company’s revolving credit agreement, according to an 8-K filing with the Securities and Exchange Commission.

The agreement extends the existing commitments under the agreement for a period of one year, to Nov. 9, 2028, and the swingline termination date and the fronting bank termination date, in each case, to three business days before Nov. 9, 2028.

The company has used its last extension option under the terms of the credit agreement.

JPMorgan Chase Bank, NA is the administrative agent and swingline lender.

Citibank, NA and Wells Fargo Securities, LLC are the co-sustainability structuring agents.

The electric company is based in Dallas.

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