Oncor Electric to repay revolver borrowings via note offering proceeds

By Tali David

Minneapolis, May 13 - Oncor Electric Delivery Co. LLC plans to use the roughly $106.8 million of proceeds from a senior secured note offering to repay borrowings under its amended and restated revolving credit agreement with JPMorgan Chase Bank, NA, Barclays, Royal Bank of Scotland plc, Bank of America, NA and Citibank, NA, according to an 8-K filed with the Securities and Exchange Commission.

Proceeds will also be used for general corporate purposes.

The electric company is based in Dallas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.