Oncor Electric Delivery to repay revolver debt with note sale proceeds

By Susanna Moon

Chicago, Nov. 18 - Oncor Electric Delivery Co. LLC plans to pay down debt under its revolving credit facility using proceeds from a $300 million offering of notes, according to an 8-K filing with the Securities and Exchange Commission.

The company priced its $300 million of 4.55% senior secured notes due 2041 on Friday to qualified institutional buyers under Rule 144A.

Proceeds also will be used for general corporate purposes.

The electric company is based in Dallas.

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