By Wendy Van Sickle
Columbus, Ohio, April 2 – Oncor Electric Delivery Co. LLC entered into a note purchase agreement on March 27 to sell $150 million of notes in two parts, according to an 8-K filing with the Securities and Exchange Commission.
Oncor will issue $100 million of 5% senior secured notes due May 1, 2029 and $50 million of 5.49% senior secured notes due May 1, 2054.
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
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| Amount: | $150 million
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| Issue: | Senior secured notes
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| Issue date: | April 24
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| Series F notes
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| Amount: | $100 million
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| Maturity: | May 1, 2029
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| Coupon: | 5%
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| Series G notes
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| Amount: | $50 million
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| Maturity: | May 1, 2054
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| Coupon: | 5.49%
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