Oncor Electric extends revolver one year, cuts capacity to $2 billion

By Wendy Van Sickle

Columbus, Ohio, Oct. 8 – Oncor Electric Delivery Co. LLC extended its revolving credit facility by one year and reduced its capacity by $400 million, according to an 8-K filed with the Securities and Exchange Commission.

The extension, entered into on Oct. 2, postpones the facility’s maturity date to Oct. 11, 2017.

On Wednesday, the company gave notice of its decision to reduce the facility’s revolver to $2 billion from $2.4 billion, effective Friday.

JPMorgan Chase Bank, NA is the facility’s administrative agent. The credit agreement is originally dated Oct. 11, 2011.

The electric company is based in Dallas.

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